Wednesday, August 6, 2014

Governor Rajan maintains wait and watch approach

.............Interestingly, the statement does signal that RBI will be keeping a close watch on the global economic scenario, especially the actions of the US Federal Reserve. With strong GDP numbers and greater employment creation in the US, there is a high probability of the Fed recalibrating its monetary policy. Such a policy move could have implications for global capital flows, especially to emerging markets such as India. 

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