........If this is the case, then, between the mid-quarter review of September 20, in which the RBI announced a tightening of the monetary policy stance, and last week, its position appears to have changed. If not, it needs to provide some explanation for how stimulating demand for even some products is consistent with its anti-inflationary stance. Or, is this just another instance of monetary policy being hijacked by a finance ministry seeking to smooth over ruffled feathers in the business community?......
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