You guys mentioned the Business Standard article, but conveniently did not the mention that the authors heavily insinuate that decreasing borrowing costs of major businesses was perhaps the goal. They even go as far as calling it a "subsidy" at the nations expense, and clearly the intended trickle-down effect did not happen.
Yes, you're right. The authors do heavily insinuate that. But they don't really justify their insinuation. They might be wrong, they may be right, but either way, they don't tell you why they think what they do.
In a media landscape like ours, you need to know what to trust an expert for. The quantum of foreign borrowing is an economic question. The pressures acting on the RBI Governor's head aren't. That's a political question. The former can be studied from data. You'd only know about the latter if you were actually in the room.
Nice write-up. I like the narrative on how demand and supply plays an key role in world currencies and exchange rate determination. Keep up the good work!
You guys mentioned the Business Standard article, but conveniently did not the mention that the authors heavily insinuate that decreasing borrowing costs of major businesses was perhaps the goal. They even go as far as calling it a "subsidy" at the nations expense, and clearly the intended trickle-down effect did not happen.
Yes, you're right. The authors do heavily insinuate that. But they don't really justify their insinuation. They might be wrong, they may be right, but either way, they don't tell you why they think what they do.
In a media landscape like ours, you need to know what to trust an expert for. The quantum of foreign borrowing is an economic question. The pressures acting on the RBI Governor's head aren't. That's a political question. The former can be studied from data. You'd only know about the latter if you were actually in the room.
So, we're still keeping an open mind. :)
Nice write-up. I like the narrative on how demand and supply plays an key role in world currencies and exchange rate determination. Keep up the good work!
Thanks, Arvind :)
Will coin start displaying IR?
Yes, Coin will display it once they start disclosing it.