RBI is probably the only central bank in the world which manages multiple objectives and we should appreciate them for that, says Nilesh Shah, MD, Kotak Mahindra AMC. Edited excerpts from an interview:
What do you make of the path towards normalisation as was spelt out by the RBI Governor. He has said that by December 31st, a large part of the liquidity that is there in the system could be absorbed through VRRR.