How the monetary and credit policy (2007-08) works out in india ?

Question

How the monetary and credit policy (2007-08) works out in india ?

Answer 1

The present credit policy has brought a sigh of relief to all those who feared further interest rate hikes and a possible adverse impact on the daily budgets of households too. From jan.07, the Reserve Bank of india has had to walk a tight rope, and censure that it strikes the right balance between maintaining the growth momentum of indian economy and managing inflation. The Reserve Bank also projected GDP called Gross demestic product and it will not be off the mark. The credit policy, while contributing to growth.

Answer 2

The present credit policy has brought a sigh of relief to all those who feared further interest rate hikes and a possible adverse impact on the daily budgets of households too. From jan.07, the Reserve Bank of india has had to walk a tight rope, and censure that it strikes the right balance between maintaining the growth momentum of indian economy and managing inflation. The Reserve Bank also projected GDP called Gross demestic product and it will not be off the mark. The credit policy, while contributing to growth, has to ensure and maintain conditions of price and financial stability.