Wednesday, December 19, 2012

RBI is focusing on combating inflation: Rajan


Chief adviser to the finance ministry Raghuram Rajan said on Tuesday that the Reserve Bank of India (RBI) had left interest rates unchanged in its mid-quarter policy review keeping in mind its main function—that of price stability. “It is clear they have taken a decision keeping in mind that their main job is combating inflation,” Rajan said after RBI’s announcement of its monetary policy review...........

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