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| Reserve Bank of India (RBI) Governor D Subbarao (C) along with Deputy Governors, left to right, Anand Sinha, K C Chakrabarty, Subir Gokarn and H R Khan during RBI’s 1st Quarter monetary policy review meeting in Mumbai on Tuesday |
.....................“The primary focus of monetary policy remains inflation control in order to secure a sustainable growth path over the medium-term. While monetary actions over the past two years may have contributed to the growth slowdown – an unavoidable consequence – several other factors have played a significant role. In the current circumstances, lowering policy rates will only aggravate inflationary impulses without necessarily stimulating growth.”........................
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