Saturday, September 21, 2013

FinMin tight-lipped on RBI's stance

......About a year ago, when then RBI governor D Subbarao didn't cut the policy rate, Finance Minister P Chidambaram had said he would walk the growth path alone. On Friday, Rajan announced a rise of 25 basis points in the repo rate. Though the move spooked markets, Chidambaram remained tight-lipped........

No comments: