The RBI may have unexpectedly refrained from cutting rates today, but what amounts to...

|By:, SA News Editor

The RBI may have unexpectedly refrained from cutting rates today, but what amounts to unannounced QE may explain persistent weakness in the rupee and strength in inflation despite a nominally hawkish policy. Credit Suisse notes the RBI has purchased government debt this year at nearly the same pace as the Fed in the U.S. in 2011.