Demonetization Reduces Confidence In RBI Says S&P
Thursday, December 15, 2016, 10:27 AM
The Government’s surprise move to scrap high value notes, has reduced the competence and reputation of RBI, says Standard and Poor (S&P). Slow replacement of abolished rupee notes, has hit large parts of the economy. RBI and Government have been forced to announce a series of measures to ease the impact of demonetization. However S&P maintains, RBI is a credible Organization.