The RBI got grilled on demonetisation. Here’s what Urjit Patel & Co had to say — Quartz

On Dec. 07, India’s central bank surprised the country with its decision to hold interest rates. It was widely anticipated that the Reserve Bank of India (RBI) would resort to a rate cut, given the liquidity crisis in the country due to prime minister Narendra Modi’s demonetisation policy. The central bank said it needs more…

via The RBI got grilled on demonetisation. Here’s what Urjit Patel & Co had to say — Quartz

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