Former RBI governor Raghuram Rajan, said"We are 'Baa' country. We are barely investment grade. Sometimes, we need to undertake international transactions that require a high credit rating. Like the swap we did in 2013. So, for that we needed an unimpeachable balance sheet. Why don't we keep the RBI as an unimpeachable balance sheet with AAA credit rating..."from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GmIMLN
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