Monday, September 23, 2013

Rajan walks the tightrope - A.Seshan

..........There was no announcement of the next review for the quarter July-September 2013. Earlier, the management had announced it for October 29. The US Fed meets on the 29th and the 30th of the month and its decisions will be known in India on the 31st. Following the healthy practice introduced in the latest mid-quarter review, I believe the RBI may reschedule its full-fledged quarterly review with bankers on November 1. Can the economy expect some Diwali gift from the Fed and the RBI?

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