Tuesday, September 18, 2012

RBI plays wait-and-watch game as politics dominates

......Considering the state of the Indian economy and governance, the reforms did not merit immediate rate action. Market and economy watchers should be patient and wait for FDI — “foreign direct investment” — approvals to go through. Perhaps Subbarao was watching the political game instead of succumbing to the excitement of the moment.......

No comments: