Wednesday, August 6, 2014

RBI shifts inflation goalpost to Jan 2016

Reserve Bank of India (RBI) governor Raghuram Rajan has managed to divide economists yet again. While nobody was expecting RBI to cut rates on Tuesday, the stance was expected to be more accommodative. RBI's 'balanced' commentary has left enough room for interpretation. The two key takeaways from the current policy statement would be: ..........

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