NEWS & ADVICE : CREDIT CARDS
Interest rates on hold however tough talks by RBI regarding inflation
By Ankit Sharma
Dec 19, 2013
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Even though there was no change made on Wednesday regarding the interest rates to the policy, tough talks were still spoken in regards to the inflation by the Reserve Bank of India (RBI)

Top Priority

Rajan, an adviser to the finance minister formally has made battling inflation a necessity since he was appointed in September. That move was beset for the Congress party and was welcomed, which is confronting general races due by May, and has been hit drubbed in later state surveys, somewhat because of high food costs.

Heart of the Battle

At the heart of India's surginginflation are the costs of vegetables, for example, onions and potatoes, which lopsidedly hit the nation's poor, customarily key voters for the Congress party. The RBI, Under Rajan, has moved back a large portion of the crisis steps taken in July and August to prop up the rupee, which incorporated raising transient investment rates.


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