MPC Can’t Ignore Financial Stability Concerns, Says Nomura’s Sonal Varma
A pedestrian walks past the Asiatic Society of Mumbai library as the RBI headquarters building stands in the background in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

MPC Can’t Ignore Financial Stability Concerns, Says Nomura’s Sonal Varma

India’s monetary policy committee must take into account the liquidity crunch being faced by a section of non-bank lenders, which is impeding the flow of credit to the Indian economy. That’s accord...
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