Friday, September 20, 2013

Fed gives RBI handle to start unwinding July measures

Don’t be surprised if Reserve Bank of India (RBI) Governor Raghuram Rajan kicks off the process of unwinding of some of the July measures on Friday at the central bank’s mid-quarter review of monetary policy. The US Federal Reserve deciding to hold off tapering of the stimulus for the time being gives him the leeway to do that..............

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