
New Delhi: Describing the decision of the Reserve Bank to raise key interest rates as the "right move", the Planning Commission on Thursday said the tight monetary policy will not hurt growth, which is projected at 8.25 per cent to 8.5 per cent for the current fiscal. "I think it is certainly the right move (of RBI) to contain inflation. This is a widely expected move," Planning Commission Deputy Chairman...
After the FM's assurances, Sensex rallied as investors' confidence returned. ...