India: Monetary Policy In 2010-11
RBI TWEAKS POLICY RATES AGAIN TO CONTAIN INFLATIONARY SURGE
ECONOMY IN RECOVERY MODE NEEDS PRICE AND FINANCIAL STABILITY
2010-04-21 07:10
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Against the background of elevated inflation getting generalised, the Reserve Bank of India has, for the second time in a month, raised the key policy rates by 25 basis points with immediate effect, along with a similar increase in cash reserve ratio to contain liquidity, in order to ensure that the ongoing growth recovery gets support and stabilised.