RBI governor Sanjay Malhotra, in MPC statement, said the main purpose of open-market bond purchases was to infuse primary liquidity & not to influence the currency or bond yields.
Loans are availed to expand the existing business & offer a bigger range of products. And a business loan is quite different from a personal loan and a personal loan taken for business purposes.
Islamabad is caught between the devil and the deep blue sea —it can't say no to Trump’s plan to use Pakistani troops in the stabilisation force but it can't agree to commit either.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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