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| Damned if you do, damned if you don't. That's the lesson RBI Governor Duvvuri Subbarao will take away when his five-year tenure comes to an end in September this year........... |
........... In recent times, inflation has reached double digits only in the early and mid 1990s. Since then it has remained a single-digit figure. One must give credit to Subbarao for bringing down inflation to 4.7 per cent in May this year. Also, Subbarao assumed office a month before the Lehman crisis broke. The world has seen worse since then. The crisis is still lingering.
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