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Overcoming the paucity of tools with RBI

The proposed policy regime may seem a bit strange to some readers

Topics
Reserve Bank of India | repo rate | economics

Gurbachan Singh 

Gurbachan Singh

On May 4, the (RBI) raised the by 0.4 per cent. The main reason was to deal with the consumer price inflation rate, which has now surged to a high of 7.8 per cent. Though the announcement was welcomed from the viewpoint of price stability, there are concerns regarding output and employment in India. Actually a similar story of a trade-off faced by the interest rate policy is playing out in the rest of the world as well.

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First Published: Tue, May 17 2022. 00:12 IST
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