| Patience is the key is what RBI has indicated through its policy review. It has kept all the rates unchanged RBI is not very well convinced of the reducing trend in inflation and it expets upside risks which is justifiable and genuine. The downtrend in inflation presently seen may not be sustainable for long in the context of not so sure a good monsoon and the uncertainities about the policy line the new Governmet may adopt. RBI has taken a safe policy approach by maintaining the statusquo giving no room for undue speculation in various markets. By the time the next bimonthly policy is due on June, he would get an Idea of the new Government and its thinking on economic policies. Well done by Dr Rajan at this juncture of election mood of the nation. |
Tuesday, April 1, 2014
Dr Rajan prefers to be very cautious.
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