Transfer of excess reserve to govt may bring down RBI rating: Raghuram Rajan

Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank. Rating downgrade of the RBI from ‘AAA’ would make borrowing costlier for the central bank and will have implication for the entire economy.

from Hindustan Times - business https://ift.tt/2Ll0gXM