We are actually surprised that so many economists and market men are surprised that RBI under Rockstar Rajan went for a 50 bps rate cut. So we re-post the link to our 25th August post which illustrated the rock solid case for >25bps cut. Oh! we also predicted that the Federal reserve won’t move on interest rates in its September policy meet either! Link to our post below:
http://indianinsight.com/wp/?p=78
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