%A Himadri Bhattacharya
%T RBI policy: Surprising but sensible
%! RBI policy: Surprising but sensible
%X It was one of those rare events where the ex ante probability of the actual outcome was close to zero. A rate cut in the range of 15-25 basis point looked more than certain to all, including the economists surveyed by a front-ranking news agency.
%U https://www.thebillionpress.org/columns/business/rbi-policy-surprising-sensible-1006