Friday, October 10, 2008

In The Mean While....

A full 100 basis point cut! Surely if this does not expand demand, nothing will! Anyway, For all those who have exposure to ICICI stock, my commiserations! But am told the stock has not seen bottom yet. Must say the RBI measure of cutting CRR might shore it up; For now, Chanda Kochhar's assurance yesterday seems to be of no avail.

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