......For all these reasons, the space for monetary easing just does not exist and I expect the Reserve Bank of India (RBI) will stay on hold next week and reiterate that its primary objective is to bring down inflation to the 8% and 6% levels that it has publicly committed to. We live in a T20 era that thrives on instant gratification. But there are no quick or easy answers here. And markets have to accept some hard truths...............
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