A sudden decision by India’s central bank to end a special incentive for attracting foreign-currency deposits a month ahead of schedule has caught bankers, economists and traders off guard and raised questions about how effectively it was communicating with market participants.
A sudden decision by India’s central bank to end a special incentive for attracting foreign-currency deposits a month ahead of schedule has caught bankers, economists and traders off guard and raised questions about how effectively it was communicating with market participants.
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