The snag is that sterilisation is expensive because the RBI has to pay much more on the bonds it issues to mop up liquidity than it earns on dollar reserves.
The snag is that sterilisation is expensive because the RBI has to pay much more on the bonds it issues to mop up liquidity than it earns on dollar reserves.
问题是这种遏制代价昂贵,印度储备银行RBI为消除流通增长而发行的有价债券,其利息远大于美元储备的收入。