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Conflicted with Chidambaram over balancing growth: Subbarao
short by Ashley Paul / on Sunday, 12 May, 2024
Ex-RBI Governor D Subbarao said during his tenure as the central bank's chief, there was a conflict between supporting growth and taming inflation. "Bringing down inflation requires...[raising] interest rate and sometimes...raising interest rate militates against growth," Subbarao said. "[Former Finance Minister] P Chidamabaram was very concerned about growth so there was tension," he added.
read more at NDTV Profit