business

Rangarajan lauds RBI, sees economy growth at 7.5% in FY13

In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13, has cut the policy rates by 50 basis points. C Rangarajan, chairman of Prime Minister's Economic Advisory Council (PMEAC) says, the RBI has taken a good decision.

first published: Apr 17, 2012 11:33 am