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 said in an interview, Its not clear what would be the triggers and what would be the macroeconomic environment that would prompt a reversal (of the policy), but it will be a wrong inference that RBI wil
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