September 16, 2010 6:18 PM
Pranab backs RBI's move to increase its short term lending and borrowing rate
The Finance Minister Mr Pranab Mukherjee today said the Reserve Bank's move to increase its short term lending and borrowing rate is in the right direction as inflationary pressures are still there in the economy. RBI has raised short term lending rate (REPO) by a quarter percentage point, and ...