Wednesday, September 25, 2013

Dire outlook: BSE Sensex set to crash, BofA blames RBI Governor Raghuram Rajan

........The Sensex had surged 685 points to close at an almost three-year high of 20,646.64 on the eve of the RBI policy review. The index gained 9 per cent between Raghuram Rajan's takeover and the policy review. The report noted that "as markets are already close to our upper limit of the 'range' we believe the risk reward is not favourable."..........

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