https://www.taxtmi.com/news?id=2490 Increase in policy interest rates has been used as the principal monetary policy tool to contain inflation since March 2010; the press release attributes moderation in industrial growth partly to higher interest rates. The Reserve Bank of India's forward guidance indicates a low likelihood of immediate further rate action and states additional hikes may not be warranted if inflation follows projected trajectories, highlighting the conditional nature of future policy decisions. en-us Fri, 02 Dec 2011 18:47:56 +0530 Fri, 02 Dec 2011 18:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2490 Increase in policy interest rates has been used as the principal monetary policy tool to contain inflation since March 2010; the press release attributes moderation in industrial growth partly to higher interest rates. The Reserve Bank of India's forward guidance indicates a low likelihood of immediate further rate action and states additional hikes may not be warranted if inflation follows projected trajectories, highlighting the conditional nature of future policy decisions. News - Fri, 02 Dec 2011 18:47:56 +0530 https://www.taxtmi.com/news?id=2490