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Jan 23, 2010

RBI to review Credit Policy Next Week

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Business News This Week : The Reserve Bank of India (RBI) to review the credit policy on January 29. Industrialists and banks are speculating much more this time as the inflation is weighing high. The soaring food prices is the biggest concern for the RBI and UPA government.

There is a marginal fluctuation in the inflation rate in India, and its should be stablized in order to keep the Indian economy fit. The standard of living of the people should also be taken into consideration while measuring the hyper impact of the inflation in India.

The change in the interest rate by the RBI would however have impact on the inflation, but not the soaring prices may not be normalized in short run. The measures for the long-run would be better, but the people how are going to suffer because of the soaring prices in the short-run.


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