Speaking at the event on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI) as part of India’s G-20 presidency, Kant said the Indian government has a “huge advantage” in local currency borrowing as compared to the World Bank, even though the Washington DC-based multilateral bank is rated AAA.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may