Hiking rates only way forward: AV Rajwade
In the Interview with NDTV Profit, A V Rajwade, forex expert at AV Rajwade and Co Pvt Ltd, speaks to us about the Reserve Bank of India's latest step to support the currency- the dollar window for oil retailers. Mr Rajwade says this will be a relief but a lot more needs the to be done to stabilize the situation further. He also says perhaps a rate hike is the only way going forward.
