Monday, December 17, 2012

Premature optimism?

...... All in all, look to tomorrow’s policy statement for what it says on the macro-economy and its global linkages. As for specific monetary action, the betting is on a CRR cut and that too mainly to mollify those arguing vigorously for a rate cut. By January next, the RBI has hinted that it might begin to ease interest rates. Hopefully, it will have clearer economic data to support its action.

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