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Interest Rates Refuse to Behave
Economic and Political Weekly
Vol. 31, No. 39 (Sep. 28, 1996), pp. 2659-2665
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4404616
Page Count: 7
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The RBI's efforts, including the pumping in of a large amount of liquidity through the foreign exchange market and release of banks' cash reserves, to bring down interest rates are proving ineffective, with damaging consequences for both the real and the financial sectors of the economy.
Economic and Political Weekly © 1996 Economic and Political Weekly