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Tuesday, June 15, 2021

Guest Blog: Should the RBI have an 'easy' or 'tight' Monetary Policy?

14 Apr 2012, 20:31

Reserve Bank of India (RBI) Governor Subbarao will communicate to the nation the first Monetary Policy of fiscal 2013 on 17 April. Industry and business are extremely concerned over the nature of the forthcoming policy announcement since it has the potential to affect income, employment, price level and output of the economy. In India, the major goal of monetary policy is to accomplish growth without inflation.