Get fiscal house in order on priority basis, says Reserve Bank

…..On the fall in headline inflation, Gokarn said it was in line with the government’s trajectory. “It is expected to be about seven per cent by the end of this March. It will help us change of our stance on the monetary policy. The bank has already indicated that interest rates have peaked,” he added.The official, however, did not elaborate if this would prompt the RBI to begin policy rate in the near future..............

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