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Eventful policy, uneventful presser

Updated : April 06, 2018 06:53 PM IST

It further cut the inflation forecast for the second half of the year (Oct-March) to 4.4% from its earlier forecast of 4.5-4.6% .
The RBI doesn’t say why it has cut the inflation forecast so drastically.
Although it is a minor cut, it is bewildering because, the government has promised to increase the minimum support prices for crops to 1.5X the production cost.
Eventful policy, uneventful presser
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