RBI on course to Inflation Targets

Reserve bank governor said on Sunday the country was on course to meet the bank’s targets on reduced inflation, adding that it was working with the new government on monetary policy.

Raghuram Rajan said the bank had started discussions with the government on a monetary policy framework that includes measures to control inflation.

The RBI on Tuesday left the benchmark repo rate, at which it lends to commercial banks, unchanged, at a steep 8.0 percent, citing a need to clamp down on rising prices.

Times of India

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