Thursday, August 22, 2013

Crisis Brings RBI and Government Together

.......Whatever these measures achieve in the long-term, the response to the depreciating rupee has certainly given the immediate impression that the country’s economic and financial management system is working hand in glove after a long period of antagonism.  The time of crisis may have brought the bank and government back together, but their underlying ideological divisions may eventually drive them apart again.

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