How RBI Governor D Subbarao moved in withdrawing expansionary policies

Reserve Bank of India Governor Duvvuri Subbarao has come a full circle - probably beginning the second round of easing after taking the tightening cycle to a peak. His policy pronouncement gives little hope that he will be in a hurry to declare the beginning of a loosening cycle. ET tracks how he moved in withdrawing the expansionary policies……………..  

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