RBI must effect steep cut in interest rate, or CRR: Assocham

Dec 18 2012, 09:25 IST
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The Reserve Bank will present the mid-quarter Monetary Policy Review tomorrow. (Reuters) The Reserve Bank will present the mid-quarter Monetary Policy Review tomorrow. (Reuters)
SummaryIndia has compromised on economic growth in the past two years on account of tight monetary policy.

confidence.

The government said India would have to record a growth rate of 6 per cent in second half of this fiscal to reach the desired growth rate. It grew by 5.4 per cent in the first half.

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