Shanbhag News
Rate cycle may not reverse in 2011
RBI raises concerns about India’s worsening economic indicators and their impact on growth.
In its mid-quarter monetary policy review, the Reserve Bank of India has effectively explained where the Indian economy stands vis-à-vis the rest of the world. The picture is far from rosy. The 25-basis points increase in the repo rate announced on Friday must be seen in this context. The statement
Shanbhag Galleries
|
|
