Monday, September 17, 2012

RBI needs to take 'calculated risks' and cut rates

......It is time the Reserve Bank gets rid of its obsession with the inflation numbers, while completely ignoring grave situation thrown in by constantly decelerating industrial growth, Assocham President Rajkumr Dhoot said. "We would urge the RBI to stop taking baby steps, if at all, and go in for calculated risks to revive the industrial output," he said......

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