Friday, July 8, 2011

Inflation still a serious concern

The debate has already started again on the inflation-growth trade-off and whether the RBI should let go of its strong anti-inflationary stance and stop hiking policy rates. Dr Y.V. Reddy, former governor of RBI, in an interview, sounded a cautious note on raising policy rates further, as the transmission of raised policy rates is still working through. .......

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