....... It is a foregone conclusion that the RBI will have to again cut its GDP growth forecast; probably to seven per cent (actual outcome could be sub-seven per cent). Thus, it will need to be seen as doing something later this month, even as it will – irresponsibly – avoid any guidance on growth and inflation for 2012-13. How the RBI expects to anchor expectations without offering one- or two-year forward guidance remains a puzzle.......
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