Reforms will buoy markets; chances of rollback still alive: Moody's
By Bianca Ghose, Aastha Maheshwari | Published On: September 17, 2012 07:45 (IST) | Duration: 1 min, 30 sec
After the announcements of some big bang reforms last week, there are already some positive feelers from global ratings agencies. Moody's says that the reforms will buoy market sentiment, boosting markets more than what a rating change could have done. However, it still warns that political headwinds remain with the chance of a diesel price rollback very much alive.