Letters: Moving markets

This refers to the editorial “A promise made” (January 25). The widely held expectation that interest rates will be cut in the January 29 review of the monetary policy calls for a debate on whether or not the actions of the Reserve Bank of India triggers “insider trading”, since their statements have indeed “moved” not just one stock, but the stock markets on the whole. Also, the beneficiaries could be millions of investors who took advantage of this “inside information”.

 

Angelo Extross Pune

 

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