Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong
Though the previous Governor Raghuram Rajan has left, the Big Daddy still controls the Indian currency market. The RBI, which is called the Big Daddy in Mumbai money market, intervenes to curb rupee swings which was a strategy used by former Governor Rajan which saw a great volatility against Chinese yuan and pegged Hong Kong