Appreciating RBI’s hawkish stance on the monetary policy, the chariman of PMEAC, Dr C Rangarajan, in an excluive interview with CNBC-TV18, says that the central bank has acted in the right way by hiking rates by 50 bps. “A strong action on the part of RBI was called for and RBI has responded well,” he says.
first published: May 3, 2011 01:32 pm
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