Thursday, November 1, 2012

Why India's Central Bank Resisted Pressure to Ease

......Gokarn says while he recognizes that the government is an important “stakeholder” in its monetary policy, the central bank will not lose sight of its prime objective to keep inflation under control. “The government is obviously an important stakeholder in the policy, and the RBI is quite sensitive to it, but we cannot ignore the fact that inflation is still high, and is likely to go up over the next three months,” Gokarn told CNBC on Wednesday............

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