Mark Mobius calls RBI 'shortsighted' for not opting for rate cut
The Reserve Bank of India (RBI) should have lowered the rates as the economy needs rate cuts badly, Mark Mobius of Mobius Capital Partners said in an interview with CNBC-TV18 while calling it 'unfortunate' that the RBI had not opted for a rate cut.
He belives that this is going to be a temporary situation and going forward, we can see lower rates because the economy needs it very badly and it is important to see this economy continue to grow.
https://www.moneycontrol.com/news/b...hted-for-not-opting-for-rate-cut-4704821.html
The Reserve Bank of India (RBI) should have lowered the rates as the economy needs rate cuts badly, Mark Mobius of Mobius Capital Partners said in an interview with CNBC-TV18 while calling it 'unfortunate' that the RBI had not opted for a rate cut.
He belives that this is going to be a temporary situation and going forward, we can see lower rates because the economy needs it very badly and it is important to see this economy continue to grow.
https://www.moneycontrol.com/news/b...hted-for-not-opting-for-rate-cut-4704821.html