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RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

Markets Enthused By Rajan’s Agenda

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Post the change of guard at the RBI, there’s a rediscovered optimism in the market. Sunil Singhania, Head-Equities at Reliance Capital Asset Management says that restoration of confidence brought about by Dr. Rajan’s statements was much needed. He also says that the statements indicate that RBI will do everything needed to ensure that India is able to deal with challenges in a timely manner.