RBI Battling ‘Impossible Trinity Trilemma’
  • Elizabeth George
  • Jul 30 2013

July 30: RBI Governor D. Subbarao says there were two considerations behind today’s policy decision: external sector developments and the balance between slowing growth and inflation risks. The growth forecast downgrade was based on underperforming industry and services sectors though the agricultural sector is gaining on the back of a good monsoon, he adds.