Tuesday, August 9, 2011

US sneezes, India catches a cold

A research note on Asian markets from Royal Bank of Scotland reads: "In India, the RBI Deputy Governor (Subir) Gokarn said over the weekend that a fall in commodity prices is likely to impact the pace of rate hikes and that the central bank remains concerned about managing liquidity in the economy, signaling a possible pause in the next policy meeting in September." That's respite number one.......

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