Monday, April 23, 2012

We are also helping Europe to some extent

Do you think RBI’s inflation concerns are legitimate and another inflationary flare-up could lead to a reversal in its monetary policy stance?

Of course, from the demand side, the monetary policy is to be addressed keeping in view the inflationary situation in the system. There is inflationary pressure. Fortunately, manufacturing inflation has come down to 4.5%, core inflation has been reduced. That is why RBI could take the decision. But pressure is still there..............

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