Thursday, January 27, 2011

"Inflation is really our key priority" - Wipro Chairman Azim Premji

"Inflation is really our key priority. The hope is that we do not get knee-jerk reaction," Wipro chairman Azim Premji said. Several Indian corporate chiefs have voiced concern against excessive increase in interest rates as they fear that it could affect the pace of economic growth. They have used the recent deceleration in industrial growth to argue their case but RBI made its worries on inflation clear in the quarterly monetary policy review.

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