‘Setting right interest rates is RBI’s challenge’

‘Setting right interest rates is RBI’s challenge’

New Delhi: India’s central bank faces a challenge to set interest rates that will help contain inflation and support growth, said Deepak Mohanty, the monetary authority’s head of economic policy, statistics and information on Thursday.

The Reserve Bank of India has started the process to withdraw the stimulus provided since October last year to shield the economy from the global recession, executive director Mohanty said in a paper that he presented at a press conference in New Delhi.

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