Friday, November 16, 2012

Interest rate cut would depend on inflation: Chakrabarty

New Delhi: Indicating that the reduction in key interest rate would depend upon price situation, RBI Deputy Governor K C Chakrabarty on Thursday said its comfort level for inflation is 4-5 percent. "We are looking for 4-5 percent inflation which is our comfort level," he said on the sidelines of the meeting of heads of public sector banks with Finance Minister P Chidambaram here..........

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