Talebearer ; with the Inflation Rising, Mandarins at North Block Now Seem to Have Adopted a Wait and Watch Policy. They Are Hoping That Rbi's Monetary Measures Will Have an Impact Over the Medium Term.
Business Today › July 28, 2008
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Summary
Wait and watch
With the inflation rising, mandarins at North Block now seem to have adopted a wait and watch policy. They are hoping that RBI's monetary measures will have an impact over the medium term. It's also felt that a slowdown in the global economy will help rein in commodity prices. Says a senior bureaucrat: A good monsoon, coupled with RBI's monetary policy intervention, should help bring inflation down to single digits by September-October. For the moment, though, the government seems to have run out of options.See the full content of this document
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Talebearer ; with the Inflation Rising, Mandarins at North Block Now Seem to Have Adopted a Wait and Watch Policy. They Are Hoping That Rbi's Monetary Measures Will Have an Impact Over the Medium Term.
RJ
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