Friday, March 16, 2012

Subbarao’s pregnant pause: no certainty of rate cut in April

....... To be sure, Subbarao’s policy statement of Thursday, however, is full of signals. Read the fine print carefully, and you will understand why the RBI governor, who has made it clear earlier that he will be one of the most careful observers of what finance minister Pranab Mukherjee does in his Union Budget on 16 March, did nothing to reduce key rates .......

Read.................

No comments: