Friday, March 16, 2012

RBI and Policy Rates

Dr.T.V.Gopalakrishnan , Mumbai , says: RBI has no option but to keep the policy rates unchanged taking into account the pressures on inflation,Govt's reluctance to act on fiscal front effectively and other uncertainities from external sector.RBI alone cannot find measures to the ills of the economy is a fact which needs to be recognised by the Govt.
(This appeared in ET dated 16/03/12

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