Do Reserve Bank Are In A Hurry??
Why Do Reserve Bank Governor Is In A Hurry?? Yes, RBI Governor is in a hurry to increase Interest Rate. This is that, RBI Governor is worried about the outflow of Foreign Direct Investment (FDI) to Uprising economies. This June, United States Federal Reserve is also planning to increase the interest rate, but India must not have to do so. When United States Dollar appreciates, all the currencies related to will come down. Not only currencies, commodities, too will crash. This is the fundamental of US economy? Our Governor who has studied in foreign university, dont know this. Brazilian Lira, Mexico Peso, Thailand Bath got hit and decreased by 11%. Italy and Spain is in crisis.United Kingdom is already in Crisis b'coz of their arrogance attitude. This country is lacking talent, and talented IT professional's are there today but govt is not issuing visa to them as they are the puppet of US Economy. Indian economy is a strong economy. The recent deceleration in growth is of 2