Speech by Mr Deepak Mohanty, Executive Director of the Reserve Bank of India, to the
Association of Financial Professionals of India (AFPI), Pune, 23 August 2013
....Let me conclude. The Reserve Bank has been traversing a growth-inflation knife edge in recent years. The sluggish growth conditions in the last two years and the dampened investment activities warranted a shift in the stance of monetary policy. The extent of monetary policy easing, however, has been circumscribed by the persisting risks to inflation and the external balance position...............
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