Thursday, December 19, 2013

Equity, bond markets cheer ‘Santa’ Rajan

Equity and bond markets saw in Wednesday’s RBI policy review a veritable Christmas gift and in governor Raghuram Rajan a lovable Santa. Equity markets that had been on a downward ride for the last six straight sessions and were anticipating a third straight rate hike, were pleasantly surprised by RBI’s no-hike policy. After ..........

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