Raghuram Rajan made a case for more coordination in monetary policies

Reserve Bank Governor Raghuram Rajan made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets

The Reserve Bank of India has liberalized the amount of forward contracts that importers can book to 50 per cent of their average three years import turnover, or previous years actual import turnover, whichever is higher. (ET) The ministry of petroleum and natural gas proposes to come up with a common policy for priority allocation for utilization of  natural gas procured across sources like administered pricing mechanism , non APM  and New Exploration Licensing policy. (BS) Reserve Bank Governor Raghuram Rajan made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets. (BL)