Reserve Bank of India’s brand
new James Bondish Governor Raghuram Rajan has fired on all cylinders.
Whether his critics like it not, he has played his cards well.
No freebies for corporate sectors.
CRR has been reduced, which gives some space for the banks.
Repo rate hiked marginally to tame inflation.
MSF down by 0.75%.
What was the market reaction?
Never mind, they collapse whenever they are no pampered. Will be back on normal trajectory soon.
No freebies for corporate sectors.
CRR has been reduced, which gives some space for the banks.
Repo rate hiked marginally to tame inflation.
MSF down by 0.75%.
What was the market reaction?
Never mind, they collapse whenever they are no pampered. Will be back on normal trajectory soon.
One man has predicted his moves before announcements. He is Deepak
Shenoy. His article is here. (read).
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