.......The
markets were more optimistic, given that there were many positives such
as falling gold and commodity prices and the slowing growth rate in
India. However, RBI has been a bit more cautious — too cautious some
feel — in its action as well as guidance. Besides, RBI appears to be
much less optimistic on the inflation and current account fronts. So, it
seems to be holding back its policy reserves rather than using these up
in a hurry............
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