Inflation will hurt the Common Person - S.S.Tarapore

.....Ideally, the RBI should raise the present repo rate from 8.5 per cent to 9.5 per cent, though the RBI would then face extreme hostility from all economic agents. If it cannot face this heat, the least that the RBI should do is to retain the repo rate at 8.5 per cent and it certainly should not reduce the cash reserve ratio. If the RBI signals a reduction of the repo rate on April 17, 2012, the Common Person should immediately lock in all available funds into 2- 3 year deposits.......


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