Wednesday, May 9, 2012

Rupee has more to adjust, RBI cannot be saviour: CLSA

........ "The real solution lies with the government in terms of how the balance of payments on the current account is actually adjusted and you can't have a dramatic adjustment. It has consequences as far as growth is concerned. To me, it is still a protracted period of adjustment that India has to go through. So, RBI is not necessarily going to be the saviour, it can't be.".................

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