Tuesday, October 16, 2012

Hope RBI will be more benevolent with monetary policy: Arvind Mayaram

NEW DELHI: Exuding confidence that inflation would moderate by March, Department of Economic Affairs Secretary Arvind Mayaram has suggested that RBI be more "benevolent" in its monetary policy stance in wake of recent steps to help the economic growth. "We estimate that inflation will begin to moderate sometime in January and by March we will see full impact of moderation in inflation with the steps are being taken," he told Bloomberg Television in Tokyo......



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