EDITORIAL: The Reserve Bank of India’s big surprise (The Hindu)


The Reserve Bank of India has surprised markets by opting to keep benchmark interest rates unchanged and cutting the outlook for full-year growth in the wake of last month’s decision to withdraw legal tender status to high denomination currency notes. In the fifth bimonthly monetary policy statement, the RBI cited a “backdrop of heightened uncertainty.”…


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Updated: December 8, 2016 — 9:35 AM