Down! Down! Down!

.....RBI governor D Subbarao, was perhaps acutely conscious of the cold realities when he presented the monetary policy hours before US-credit rating agency Fitch came out with its scathing report on the Indian economy last week. He withstood mounting pressure from local businesses to cut interest rates. These firms had been arguing that the steep cost of raising loans had upset their capacity-expansion plans........

Down! Down! Down! - Hindustan Times