Monday, February 7, 2011

Egypt crisis to impact policy: RBI

Events in Egypt will have an impact on Indian monetary policy, the country's central bank Deputy Governor told reporters on Sunday.  "After making the policy announcement on 25th Jan, a whole set of events unfolded in the Middle East, which are starting to have an impact on oil prices, obviously, which we did not anticipate at the time we made the announcement," Subir Gokarn, Deputy Governor at the central bank, said.                                                                 TOI

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