Letters to the Editor - Moneylife

Letters to the Editor - Moneylife

RBI DOESN’T GO BY MARKET GOSSIP
This is with regard to “Has RBI realised the limitations of monetary policy measures in taming inflation?” by Vivek Sharma. It may be too early to come to conclusions about RBI’s intentions, while leaving the rates untouched this time. Perhaps, this may be just to give a signal to speculators that RBI doesn’t go by market gossip. RBI has never claimed that changes in base rates alone, or even a combination of traditional monetary policy measures in the central bank’s armoury, can manage inflation.
MG Warrier 

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