Saturday, April 14, 2012

Hard decisions needed to boost economic sentiment: Rangarajan

…..Asked if he saw a case for rate cut by the Reserve Bank of India (RBI) in its credit policy to be unveiled on April 17, Rangarajan said, "It's not just a monetary policy (by RBI). I don't think adjustment on interest (rate) alone will bring about the desired results. All that we really need to do is to push up the sentiment in the economy."……….

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