December 12, 2014 2:00 PM

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RBI, govt to hold talks on timeline for 2-6% inflation target

The Reserve Bank of India Governor, Raghuram Rajan today said the apex bank will initiate talks with the government for an appropriate time frame to ensure the inflation target of 2 to 6 per cent of the economy. Delivering the keynote address at Bharat Ram Memorial Seminar in FICCI house New Delhi, Mr Rajan said, the RBI will ensure a conducive environment for sustainable environment and provide a glide path towards lowering inflation. He also emphasized to incentivise domestic savings so that the lending capacity of banks would increased for infrastructure projects.

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