D Subbarao | We will not cut rates even if inflation drops to 7%

Last updated: 27 October 2011

Mumbai: Reserve Bank of India (RBI) governor D. Subbarao on Tuesday ruled out a reversal in the Indian central banks monetary policy even if inflation drops to 7% by March 2012 and remains at that level for months. After presenting the quarterly review of monetary policy to bankers, Subbarao sa

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