RBI guv Shaktikanta Das adopts the Draghi playbook

The RBI offered to inject as much as $14 billion cash through one- and three-year funding operations, akin to the long-term repos put in place by the European Central Bank under Mario Draghi. Draghi is credited with rescuing the euro from disaster at the height of its debt crisis.

Leave a Reply

Your email address will not be published. Required fields are marked *