Deepak Mohanty: Interest rates and economic activity Speech by Mr Deepak Mohanty, Executive Director of the Reserve Bank of India, to the Association of Financial Professionals of India (AFPI), Pune, 23 August 2013. *  *  *  The assistance provided by Sitikantha Pattnaik and Abhiman Das in preparation of the speech is acknowledged.
I thank Ms. Preeta Misra, Director & Member Secretary, Association of Financial Professionals of India (AFPI) for this opportunity to interact with distinguished professionals of corporate India. In the recent period, there has been an animated debate on the role of interest rates in influencing real economic activities.