.............Raghuram Rajan has played a dead bat in the latest RBI move. There is a lot of uncertainty and it is not at all clear that another turn of the interest rate screw will bring inflation down. There are rumours of a bear market in food grains and prices are supposed to be coming down. There is already an onion glut (Is the government buying and building up stocks for the next upturn in the prices?). But the ........
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