Wednesday, 27 July 2011

India Signals Tougher Inflation Resolve to Avert ‘Hard Landing’ of Economy

http://www.bloomberg.com/news/2011-07-26/india-signals-tougher-inflation-resolve-to-avert-hard-landing-.html?cmpid=

The RBI yesterday surprised all 22 economists (IDIOTS)surveyed by Bloomberg News with a half-point boost in the repurchase rate to 8 percent. The bank said in a statement that stronger action was needed in the absence of government steps to damp demand or efforts to address the nation’s supply bottlenecks.


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