RBI could hike rates again: C Rangarajan

PUBLISHED ON: February 3, 2011 | Duration: 24 min, 23 sec

   
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In an exclusive interview with NDTV’s Sapna Das, the Prime Minister's Chief Economic Advisor, C Rangarajan, said the acceptable rate of inflation is only between 4-5 per cent and monsoon will be a key factor in bringing inflation down. He thinks if inflation continues to remain at unacceptable level, the RBI could raise rates in a series of steps.
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