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RBI board meet outcome won't instantly resolve India Inc's credit concerns

The board made three decisions which, if executed quickly, are seen as "uppers" of sorts for India Inc ahead of the general elections in 2019

Illustration: Ajaya Mohanty
Illustration: Ajaya Mohanty

You might not have heard of tinnitus — a phantom noise in the ears that distorts the ability to make sense of what’s actually going on around. The outcome of the Reserve Bank of India’s (RBI) board meeting on November 19 has been variously described as a “truce”, or a battle “won-lost” by either of the protagonists involved — North Block and Mint Road. Is it a case of tinnitus?  The board made three decisions which, if executed quickly, are seen as “uppers” of sorts for India Inc ahead of the general elections in ...