Sunday, June 24, 2012

Political impasse creates lack of confidence

.....Do you think that the Reserve Bank of India has gone on a prolonged ‘monetary tightening mode', hurting the growth in the process?

I believe that the RBI is acting prudently, and without being influenced by the political process. However, the balance of payments and fiscal deficit have forced the RBI to play its role which, I think, they are doing well.....

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