Apr 30, 2008

Reddy says inflation expectations to be aligned to global inflation levels

30 Apr 2008 | 12:26

Reddy says inflation expectations to be aligned to global inflation levels

Reserve Bank of India Governor Y V Reddy today said it would be ideal and possible to bring Indian inflationary expectations as close to the levels of global inflation. RBI in its annual monetary policy announced on Tuesday, 29 April 2008, had raised cash reserve ratio by 25 basis points to 8.25% while keeping its other policy rates unchanged.

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