RBI does what a central bank should do. The RBI balanced its anti-inflationary stance against the need to support growth with its tactical policy easing through only a CRR cut of 25 bps. The RBI’s decision also takes into cognizance the growth-inflation dynamics as also the Government’s policy measures........
Read.......
1 comment:
A well balanced and well argued article on the October 30 Monetary Policy. One wishes, the finance minister, who ‘claimed’ having not read the later half of the RBI policy statement, reads this when he cools down. Thanks for this nice presentation.
Post a Comment