Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mVW16b
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