Friday, March 8, 2013

The rate cut that is bound to disappoint

Being Governor of the Reserve Bank of India (RBI) has never been easy in India. Prime Minister Manmohan Singh, also a former Governor of the central bank, once called it the "loneliest job in the country". Never more so than now. Both government and markets have made no bones about their desire to see the RBI cut policy rates at its next policy review on March 19........

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