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Sep 29, 2016
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RBI to rely more on liquidity than rates
With Consumer Price Index (CPI)-based inflation dropping to 5.1 per cent in August, the clamour for policy rate cuts has again increased. Much better monsoon rains after two back-to-back droughts and lingering weaknesses in manufacturing have again opened the case for aggressive rate cuts. But has the Reserve Bank of India (RBI) not been doing enough to promote growth with price stability?
Source -
http://www.business-standard.com
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