Rajan: Have taken a precautionary stance on inflation

September 20, 2013 12:18

RBI governor Raghuram Rajan addressing a press meet after the policy review, says, "We have taken a precautionary stance on inflation. The intention is to return to normal monetary operations. We intend to make the repo rate the effective policy rate. We have to worry about increasing oil prices."

Also read: Shobhaa De writes: Economy with Raghuram Rajan will be sizzling hot

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