A rate cut or not wasn’t anyway the central question of today’s
A rate cut or not wasn’t anyway the central question of today’s monetary policy, hence most questions at the post-policy presser weren’t about the status-quo announced in rates or inflation outlook, but on what RBI thinks about the demonetisation exercise that has pushed the nation to an unprecedented cash crunch. Patel’s presser disappointed in this backdrop, as the RBI governor didn’t say anything new or offered any further clarity on several critical issues, other than repeating what already was known to the public. The only exception to this is the announcement of the
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