Friday, May 30, 2014

RBI might wait and watch

.......That’s probably a fair prediction. There is hardly a case for RBI to relax its stance at this point on grounds of inflation, even as it is anxious about growth. Besides the resurgent consumer price inflation last month, the central bank is confronted with a number of unknowns at this point. These factors suggest a deferment of any monetary action two months hence...............

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