Once Again, RBI has failed to tame Inflation..... Ha, Ha, Ha....
Every time raising Interest Rates is not only way to tackle the Inflation....
If you go through Indian Financial History (Read, IFS, if you are an M.B.A.), You will surely notice that in last decade The Central Bank had changed the Rates once or twice in a year, whereas this time, RBI has gone through this regular exercise this year 5 times..... ha, ha, ha......
Though Inflation still in Double Digits and WPI still hovering high level....
Thanks for Reading,
I would love to hear from you,
Regards,
Its me Shree Vasani... signing off from Blog....
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