Monday, July 30, 2012

RBI and the drought factor

....... “However, both headline and retail inflation rates are rising, which have a bearing on inflation expectations. Future actions will depend on a continuing assessment of external and domestic developments that contribute to lowering inflation risks.” The unexpected development of a failed monsoon has only complicated this choice. So what will it be? Will RBI play to the gallery, or stay focused on battling inflation?...............

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