Wednesday, October 31, 2012

RBI was right

Has Subbarao lost the opportunity to be a statesman?

I rarely disagree with sukumar from livemint. But here i think RBI got it right. yes, Chidambaram is making all the right noises since taking over. However that does not amount to action on fiscal consolidation. Until he does more RBI should hold the rates at its current levels.

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