Sunday, September 18, 2011

Central bank’s war on inflation hurting growth: Mukherjee

Has the Reserve Bank of India taken its war on inflation a bit too far? After the mid-quarter policy review on Friday, the finance ministry seemed to be asking this question — almost. Reacting to the RBI’s decision of lifting the policy lending rate by a quarter per cent, finance minister Pranab Mukherjee highlighted that there were signs of growth being affected due to monetary tightening.......
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