Not even in his wildest dreams would the Reserve Bank of India Governor Duvvuri Subbarao have thought that the Karunanidhi tsunami would wash away in minutes his carefully crafted plan to revive the economy from the depths. There was hardly any time for investors and traders to enjoy the feel good factor, the only possible outcome of the 25 basis points reduction in key interest rate. The punchbowl was snatched away even before the party began.......
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