Thursday, December 5, 2013

Early news is good news

....... In fact, the publication date was brought forward by almost a month, compared to the previous occasion, when it was merely a day earlier. Of course, amending schedules to soothe markets also has a flip side. If RBI does not publish the next quarter's data on March 2 or earlier, the markets may very well take this as a sign of bad news and react accordingly. This raises the larger question about the capacity of the system to release this data with less than a quarter's lag. If the capacity existed, why was this practice not begun earlier?.........

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