RBI Chief Hails Fed Chairman

.....Subbarao welcomed Bernanke's "unconventional policies" and demonstration of the "enormous range, depth and power of the central bank policy arsenal" to deal with the worst US downturn since the Great Depression in the 1930s. "As a central bank, we empathise with the Fed's concerns. The (economic) crisis has pushed central bank policy-making into uncharted territory," Subbarao said in a speech released on the RBI website............

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