Barking up the wrong tree?

.....As an aside, it’s a sign of progress that RBI policy reviews don’t always result in a “splash or “event”—it suggests that the central bank is doing a better job of guiding market expectations that are reflected in market prices in the run-up to these policy reviews—something that Ben Bernanke has perfected through his artful communication strategy. But while the actions did not disappoint, the guidance certainly did—in some quarters at least.......

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