RBI?s measured approach

Reserve Bank of India?s Q4 review of credit and monetary policy is replete with cautious optimism.

Reserve Bank of India?s Q4 review of credit and monetary policy (FE Special coverage, Jan 30) is replete with cautious optimism. India?s growth rate is pegged at a conservative 8.5% while the key rates are kept unchanged. The RBI?s concern is indicative on the inflation front, with an eye on capital inflows. Capital inflows have been relentless for quite some time now, but with the US economy witnessing recessionary trends and given the successive interest rate cuts by the Federal Reserve (with more to come), the interest rate differential between the two countries is likely to impact capital flows into India. By keeping its options open and striving to maintain stability with growth, the RBI has adopted a measured approach.

?Srinivasan Umashankar, Nagpur

Ooh, ah, ouch

In your story (?Future Media scouting for picks in digital signage?, Jan 25), you report that vJive is one of the digital signage companies to have approached Future Group for a possible buyout. This is baseless. While denying any such attempt made by vJive, we would like to point out that we were the very first company (not ?one of the first?) to launch out-of-home digital media in India.

?Rajesh Jog, CEO, vJive Networks

We stand by the story?Editor

Under the rubble

LK Advani still counts the BJP as a ?party with a difference? (?Capturing power…?, Jan 30). Many thought the idea died on December 6, 1992.

?N Krishna Kumar

This article was first uploaded on January thirty-one, twenty eight, at thirty-three minutes past eleven in the night.