.............Though there will be some immediate howls of protest that the governor didn’t even do anything on CRR, the RBI’s words of comfort on a more-than-likely policy easing come January should provide relief to a corporate sector clamouring for rate cuts since long. Significantly, despite the lack of action from RBI’s end, the BSE Sensex remained flattish and didn’t show any panic or downturn after the statement from RBI was made public. For Finance Minister Palaniappan Chidambaram despite the long wait for a push from RBI’s end, the latest policy statement could signal that in January, New Delhi and Mint Road may finally end up on the same page on how to steer the economy forward.
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