Can appreciate why RBI raised the CRR rate…but why did the Fed do so ,their discount rate !?
When RBI raised the CRR recently,I had blogged on January 29,2010 ,that I was increasingly getting impressed with our RBI Governor,Dr Subba Rao. RBI announces a CRR hike by 0.75% to 5.75% to tackle Record Food Inflation at 17.40%…Interest rates must rise soon !…Equities will React But why did the Federal Reserve Board raise the …