HomeNewsBusinessEconomyRBI's tough act of 50bps hike right in time: Rangarajan

RBI's tough act of 50bps hike right in time: Rangarajan

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.

May 03, 2011 / 16:22 IST
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Looking ahead at tough times, the Reserve Bank of India on Tuesday raised the key short term lending rate and savings bank rates by 50 basis points. (In details: RBI ups repo, reverse repo by 50bps, CRR kept unchanged)


Appreciating RBI
first published: May 3, 2011 01:32 pm

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