Thursday, May 16, 2013

Why the death of inflation is vastly exaggerated

......While Business Standard quotes Economic Affairs Secretary Arvind Mayaram as saying that the RBI should take the new numbers into consideration for further rate cuts, the Prime Minister’s Economic Advisory Council Chairman C Rangarajan seems to think that we need to watch inflation data for one more month to be sure of the indices’ direction. Rangarajan’s caution is more warranted than early optimism on prices..........

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