Wednesday, March 20, 2013

RBI Shrugs: Hard Work is Now GoI’s

.........Caught between the devil (slowing growth) and the deep sea (high inflation), the RBI perhaps had no choice but give in to the popular mood. Fortunately, the governor made up for playing along with the government and markets with a hawkish accompanying statement. The statement makes no bones about where the onus lies.......

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