Reserve Bank of India on Friday said that the RBI decision to increase Repo Rate will lead to higher housing and car loan rates thus affecting the common man and sought to know from the government what steps it was taking to control inflation.
BJP asked the Manmohan Singh government
to instead go for infrastructure development programmes and
manage supply of foodgrains to check inflation.
In line with international practice, the RBI Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate.
Following are the highlights of the first quarterly review of RBI’s annual monetary policy.
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