On 30th July, 2012 RBI decided to keep all interest rate unchanged and asked the government to take urgent steps to reign in the high current account deficit. Even the GDP Rate has lowered from 5.5% to %.7% for the current fiscal deficit.
The central bank said the external sector is the “biggest threat” to economic stability.
Keeping interest rate on hold is actually a sagacious decision- agree or not?
Fixed interest rate will result into deduction in growth what’s your audit regarding the same?
