Comments on: Will Subbarao oblige Mukherjee? Straight from the Specialists Sun, 06 Mar 2016 13:25:08 +0000 hourly 1 By: KaranKC Mon, 16 Apr 2012 11:47:28 +0000 I would be surprised if he bows down to political/popular pressure – inflation figures shown are very misleading, I don’t understand why is it WPI instead of CPI and also I personally seen how much things have gone up in India being here from 2003-2005 the 2009-2010 and now 2012. Empirical evidence would highlight that inflation is a lot more then what is reflected in the numbers coupled with the invariable need for the government to allow free price movement in Oil/Petrol products which are heavily subsidised and causing severe fiscal strains for the govt (Indian Oil Marketing Companies losing well over Rs 500 Cr – $100 Mn a day by selling cheaper petrol/diesel prices).

Lot of the financial gurus of the world have applauded Duvvuri Subbarao and RBI as one of the best and sound Central Banks in the world that whole image would in my opinion go out the window if he would oblige to cut Repo rates this year but tomorrow is not the day another 1 Max 2 quarters.

Ultimate test of character tomorrow!