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Maintaining 4% inflation appropriate for India: RBI paper

Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.

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Maintaining 4% inflation appropriate for India: RBI paper Maintaining 4% inflation appropriate for India: RBI paper Reviewed by Space encyclopaedia on December 28, 2020 Rating: 5

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