Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
There are some advantages of a falling rupee.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Just three years ago, at the end of March 2011, NRI deposits were only $52 billion, half of what they are today.
Despite the slowdown, property investments can give them good returns over the long term
It is important to understand that debt investors are a conservative lot and, in general, most such investments are hedged out of foreign exchange risk to simply earn an arbitrage profit, rather than carry the risk to possibly increase their yield.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
