Wednesday, July 4, 2012

May we finally have some clarity please, Mr Prime Minister?

....If finance ministry officials were quoted as saying the interest rates need to be brought down, the central bank did quite something else, holding on to rates at its last mid-quarter policy review. This was also preceded by a strange event of two RBI Deputy Governors even giving contrasting signals on the direction interest rates should take. Not great news for a business community starved of growth momentum.........

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