Prime MinisterÂ’s key economic advisor C Rangarajan has on September 12 said that the Reserve Bank of India (RBI) must continue its tight monetary policy until stability in the rupee value is achieved. Thereafter, if the current trend in the moderation of wholesale price inflation continues, which is in fact expected, the monetary authorities can switch to a policy of easing, Rangarajan said while releasing the Economic Outlook for 2013-14 in Delhi.
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