RBI’s 2nd Quarter Review of Monetary Policy 2013- How important is it for us?
Dr. Raghuram Rajan took over as RBI Governor in the month of September and has addressed two monetary policy reviews till date. In his maiden monetary policy review in September, Dr. Rajan had outlined his precautionary stance on inflation. In order to ease inflationary pressure, RBI took the measures to tighten liquidity by increasing the…