Opinion | Use a bigger dose of fiscal stimulus to combat this crisis4 min read . Updated: 06 Aug 2020, 10:13 PM IST
With growth sliding and inflation rising at the same time, the policy challenge that RBI faced could only be described as fiendishly complicated. It was prudent of it not to drop its repo rate
There have been several occasions when the Reserve Bank of India (RBI) has had to confront the dilemma of tackling sliding growth and rising inflation at once. But never quite as acutely as it has had to in its latest monetary policy decision.
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