Wednesday, September 28, 2011

Monetary Policy Dilemmas: Some RBI Perspectives

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Was RBI’s monetary policy too hawkish or dovish? RBI has been criticised both ways recently. Some say it has been too dovish as it took baby steps to rising inflation in 2010. Some say it is too hawkish as it has raised rates sharply leading to slowdown in the economy. Subbarao says both need to be assessed given the context RBI was in......

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