Can't double-guess RBI: Diwakar Gupta
By Ira Dugal | Published On: June 18, 2012 13:16 (IST) | Duration: 14 min, 22 sec
Diwakar Gupta, MD and CFO, State Bank of India, says one can never double-guess the central bank, saying that the Reserve Bank had said in April that cuts will follow only if the macro-economic situation improves, and this clearly has not happened. In fact, the situation has only deteriorated, and therefore it's not surprising that the RBI has maintained status quo.
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