Thursday, August 22, 2013

RBI act to induce sanity; relief rally in banks: BlackRidge

...........There is something to cheer about on the basis of what RBI has done. Typically, RBI was in the past following a classic textbook approach of raising interest rates, bringing down growth, sucking away liquidity and then trying to manage the currency. I think the Indian version of the Operation Twist, what we have seen is expected to get some sanity in the market...........

No comments: