Securing his resignation is good, but not enough
RBI right to keep interest rates unchanged
Policy consistency in India's ties with US welcome
Hope for positive economic effects must be tempered
German Chancellor Angela Merkel tops the list for a sixth consecutive year
Apart from underscoring an accommodative policy stance, RBI also clearly reaffirmed its continued commitment to cater to the banking system's liquidity needs
Markets should expect that RBI's primary focus this year will be to ensure greater transmission of previous easing into wholesale and bank rates