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Unformatted text preview: by Dr. Haridas based on inputs from Business Press bank rate , even if the country gains Rs. 9000 crore as IMD. In April 2000, RBI officials said
only Rs. 7000 crores had been infused in to system, via cut in CRR to 8% and a future cut would
There seems to be divergence between our growth objective of more the pragmatic 7% growth in
GDP as put forward by the finance minister and the monetary objective of heating up the
economy and weakening the currency.
RBI policies will be keenly watched by all sectors as to whether it succumbs to the government
demand, takes the GDP growth as a priority objective or sticks to ‘tight’ monet...
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