Wednesday, September 14, 2011

Time for RBI to press pause?

All eyes are now on the Reserve Bank of India (RBI) as the mandarins of Mint Road get down to deciding on the next course of action on the monetary policy front on September 16. The jury is clearly out on whether the central bank will raise rates once again, after the aggressive 50 basis point (bps) hike in July, or whether it will finally press the pause button, choosing not to disrupt the growth momentum any more....

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