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India's growth gathering strength, inflation slowing: Central Bank

30-Aug-2010 10:45 AM

India’s Central Bank Governor, Duvvuri Subbarao, stated economic growth in India is gathering strength and inflation is cooling due to monetary tightening and “improved supply position” (Bloomberg, 27-Aug-2010). Mr Subbarao said: “Going forward, the Reserve Bank will calibrate policy action to the evolving growth-inflation dynamics. Given the uncertainty in the world and the lags in monetary transmission, it is not possible to offer more precise guidance.”