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RBI slashes rates to fuel growth

Mumbai, November 1: The Reserve Bank of India (RBI) has decidedly shifted its monetary stance in favour of growth by taking a slew of measures including cuts in the signal repo rate, the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR). It plans to buy back market stabilisation scheme bonds issued ....Read more

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RBI measuresBy: Dr.K.K.Ammannaya | Monday , 3 Nov '08 5:54:10 AM Reply | Forward RBI action was indded necessary and rate cut will surely go someway in fuelling growth.Only growth can put in shade adverse effects of inflation by empowering all and by putting some extra money in the hands of all.Earlier RBI governor did harm growth and even prospects of growth by hiking rates and bringing about a condition of dear money in India.The present action is a right step.

RBI measuresBy: Dr.K.K.Ammannaya | Sunday , 2 Nov '08 6:12:47 AM Reply | Forward Ihave been pleading for rate cut and CRR cut from the day Dr.Reddy hiked repo rate and CRR.In a situation like the present one what we need is a cheap money policy to spur investments and growth.Dr.Y.V.Reddy's measures are ok only in a situation whereinflation is on account of excess demand and excess liquidity.The present RBI measures will surely help growth and facilitate investments.

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