Although the aggressive 50 bps policy rate hike by the Reserve Bank of India (RBI) on 3 May surprised many investors – as evidenced by today's 2.5 per cent drop in the SENSEX – the action not only met our expectations but also reaffirms our thesis that the government will get more serious about economic policy planning in order to counter macroeconomic deterioration (expressed initially in our 2 March 2011 note Economic policy outlook more positive amid macro headwinds). The RBI's move...
Sorry, you do not have access to this page because you are not logged in.
If you are not a subscriber or a trialist and you want to discuss how to access our work please:
Trusted Sources helps clients identify investment opportunities in emerging markets, exploit them with greater confidence and stay alert to associated risks.
Learn more about our approach, our team and our research, as well as our media appearances.
