The Reserve Bank of India today maintained
a status quo by not revising the repo rate or the cash reserve ratio but turned
unexpectedly dovish which made the slide
below the psychological level of 60/dollar, for the first time since July 9.
The
liquidity tightening steps of the central bank which were unleashed a fortnight
back were able to halt the sharp depreciation of the currency.
The
central bank kept the March end inflation forecast...
