Why should the RBI reduce interest rates? (Hindustan Times)

Story date: 2007-10-12 10:38:56
Added on: 2007-10-13 04:00:17

In the last one year the rates of interest were jacked up a hefty 2 per cent. There were, no doubt, reasons. Inflation had crossed 6.2 per cent in March and, to restore stability, interest rates had to be raised. That is what most central bankers do.


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