Thursday, December 20, 2012

RBI’s decision to keep policy rates unchanged evokes criticism

.........“It is ridiculous to keep the policy Repo rate under the liquidity adjustment facility (LAF) unchanged at 8 per cent even after the Headline WPI (whole price index) came down to 7.2 per cent in November. The same RBI, during the last revision in October, cited higher inflation as the reason for not lowering the Repo rate,”..........

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