Monday, May 6, 2013

RBI & inflation - A.Seshan

The Reserve Bank of India (RBI) has said it would try to contain the annual inflation rate to five per cent by March 2014, using all the instruments at its command. It's not clear how it can accomplish this. It has itself pointed out on several occasions in the past how it is in a bind in matters of inflation when supportive action from government is required.....

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