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In firing a policy bazooka to support growth, India's central bank may have overlooked the consequences for its mandate

New Delhi, Dec. 7 -- "Baptism by fire," is how D. Subbarao had described his initial months as the 22nd governor of the Reserve Bank of India (RBI). Subbarao took charge in September 2008 in the shado... Read More


Monetary policy rates aren't all that determine an economy's credit scenario

New Delhi, Oct. 1 -- Caught between the devil and the deep sea-read, between cutting rates too much, too fast, potentially leading to higher inflation, and continuing with a cautious policy that could... Read More