........I am afraid RBI has overreacted. I hate to say this but it sounds as though RBI has lost its institutional memory. It has been the experience not just in India but in other countries also that when you do a base change in any index, there is lot of volatility in the first couple of years because new firms are submitting data. They are not used to it. Often, they are not used to the definitions and data, therefore, doesn’t really conform to what you...........
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