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JIBES AND GUFFAWS: The new RBI governor Y V Reddy let out an uncontrollable guffaw as the outgoing RBI chief told the journalists: "He will change what I had started and continue with what he had started."
Jalan also aped journalists, letting fly a volley of questions that would now face the new RBI governor... When would the repo rate be cut? When will the forex reserves touch $100 billion? Will the soft interest bias continue?.........
A jovial Reddy, however, obliged the press saying that the central bank would continue with its soft interest rate bias.
Reddy takes over as RBI governor
RBI: New and Views
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