Mr.Bhalla has rightly pointed out about RBI policy mere text book implementation no variety Mr.Reddy is not practical at all he does only what he learned in books. He is excersing these practise since almost a year then why inflation is not in control does he has answer ? No, and there is no guaranty recently hiked rate will result in to lower inflation in coming days until energy price ( crude ) come down globaly. We are 10 billion people timid measure will create only misery for poor and midle class people.
