July 26 (Bloomberg) — Shubhada Rao, chief economist at Mumbai-based Yes Bank Ltd., talks about India’s economy and central bank monetary policy. The Reserve Bank of India raised its benchmark interest rate more than economists forecast to quell the highest inflation rate among major economies, spurring a slide in stocks and a gain in the rupee. Rao spoke with Rishaad Salamat on Bloomberg Television’s “On the Move Asia” prior to the RBI announcing its rates decision. (Source: Bloomberg)
