In line with expectations, the RBI kept Repo, CRR and SLR rates unchanged in its Fourth Bi-Monthly Monetary Policy. In the accompanying policy statement, three announcements assume importance:
Largely the policy declarations are in line with our expectations. Inflation targets for 2015 and 2016 appear to be within reach as of now. RBI has reconfirmed GDP expectations at 5.50% for the curren...
Suddenly 'India' has become the new focus of global economy, while it is close to becoming the third largest global economy in the world. Developing ...