Rate cuts versus inflation? Like his opposite numbers in central banks around the world, Reserve Bank of India governor D. Subbarao knows the fine art of balancing. However, when the central bank meets on Monday (September 17) to review its monetary policy, industry, policymakers and the common man will all be asking one question: will Subbarao continue what Prime Minister Manmohan Singh started? Until now, the RBI placed the onus of pulling the economy out of its slumber on the government. This week, Dr Singh put the ball back in the RBI’s court.
Source: NDTV Profit
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