Profit

Hiking rates only way forward: AV Rajwade

PUBLISHED ON: August 29, 2013 | Duration: 15 min, 21 sec

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In the Interview with NDTV Profit, A V Rajwade, forex expert at AV Rajwade and Co Pvt Ltd, speaks to us about the Reserve Bank of India's latest step to support the currency- the dollar window for oil retailers. Mr Rajwade says this will be a relief but a lot more needs the to be done to stabilize the situation further. He also says perhaps a rate hike is the only way going forward.
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