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Sunday, March 29, 2015| Latest E-book
Edesamegina Endu Kalidina by Rayaprolu Subbarao (sung by Komala)
Edesamegina Endu Kalidina by Rayaprolu Subbarao (sung by Komala)

Why Subbarao was right not to cut rates

Mar 29, 2015    

What an extraordinarily unpredictable man Reserve Bank of India (RBI)governor D Subbarao is. Despite loud roars from investors in recent weeks for action from the RBI in the form of another interest rate cut to revive a slowing economy, Subbarao held firm and kept the key policy rate - the repo rate - and the cash reserve ratio (CRR) unchanged. He almost never does what economists and markets expect him to do.

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