Time was when the Reserve Bank of India (RBI) board meetings were tucked away somewhere in an inside page of newspapers. It was mostly reported as a matter of record, with no major significance attached to the meeting’s content, given that these were hardly considered headline worthy to make it to the front pages.
Not any longer. It is not always that one sees so much of anticipation ahead of an RBI board meeting than the one today, November 19. One would expect that the festering tension between North Block and Mint Street will blow over without serious consequences by Monday evening.
The Indian economy is already buffeted by too many uncertainties, and can ill afford a scale up in hostility between the Finance Ministry and the central bank. Read More
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