Saturday, September 14, 2013

Promising move

.........A fresh look at monetary policy is welcome. The last such comprehensive look was way back in 1985. It is also good that the rethink is being led by RBI rather than being imposed upon it by New Delhi. The Indian central bank has an unmatched understanding of monetary dynamics as well as of macro stability, which were underplayed or even rubbished by some recent government committees...........

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