......the RBI has decided to send out a strong signal for monetary transmission. This, the Governor is convinced, can happen only through a decisive action — a 50 basis point cut in this instance. For another, the apex bank has discovered that liquidity tightening has been stronger than it had bargained for. Deepak Mohanty, Executive Director, admitted that the “liquidity has been much tighter” through the second-half of 2011-12................
Read - The Hindu
Read - The Hindu
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