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    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    11 : Monetary Policy in India – The Current Conjuncture

    Errol D'Souza, Visiting Senior Research Fellow at the ISAS

    10 July 2007

    The Reserve Bank of India (RBI) released its Annual Monetary Policy Statement for 2007-08 on April 24, 2007 in which it clearly laid out its dominant objectives - to manage the surging capital inflows and contain inflation. On both counts there is a confrontation between the RBI and the Ministry of Finance and monetary policy is compromised as a result.