Friday, November 2, 2012

RBI walks the tightrope - S.S.Tarapore

....It has unequivocally advised the RBI to ease monetary policy as part of an overall package to stimulate growth. The dilemma faced by the RBI was to formulate its monetary policy in the context of falling growth and rising inflation. Given this tricky situation, the RBI has deftly gone in for what could be called a damage-containment monetary policy.......

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