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July 29, 2008

RBI Announces Rate Hikes to Curb Inflation… It’s neither in Control of Inflation nor itself as Policy leaks ahead of Announcement ! !

Dr Y Venugopal Reddy, Governor, RBI, today presented the First Quarter Review of Annual Statement on Monetary Policy for the Year 2008-09 http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=18886 RBI has raised the repo rate by 0.5% to 9% and the Cash Reserve Ratio by 0.25% to 9% to curb Inlation This was inevitable with Inflation trying to cross 12%…. Expect …

RBI Announces Rate Hikes to Curb Inflation… It’s neither in Control of Inflation nor itself as Policy leaks ahead of Announcement ! ! Read More »

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