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Indian Textile Sector feels fine tuning despite RBI interest hikes
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Fibre2fashion B2BMarketplace for...
Indian Textile Sector feels fine tuning despite RBI interest hikes
http://www.
fibre2fashion.
com/industry-article/paidArticles/3069.
asp
Article Abstract:
Present state of inflation is complex encompassing
both short and long term...
[Mais]
Indian Textile Sector feels fine tuning despite RBI interest hikes
http://www.
fibre2fashion.
com/industry-article/paidArticles/3069.
asp
Article Abstract:
Present state of inflation is complex encompassing
both short and long term issues.
Attempting to break
the back of the beast, the Reserve Bank of India (RBI)
has increased its key rates for the fifth time in the
same year.
Though not very successful, RBI is trying
its bag of tricks to curb the sky rocketing inflation
rates.
A complete elucidation for inflation issues is out of
scope of the credit policy of RBI.
The Central Bank is
more worried more about the soaring inflation rates,
rather than the resulting industrial squeeze likely to result due to the rate hikes.
Industry experts contemplate that the hikes are likely to have only a moderate impact on the
growth of the Indian industrial sector.
In the Textile and Apparel sector, production for the
period of April-June has increased when compared to the corresponding period
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