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RBI Attempting A Balancing Act: IDBI Bank

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July 31: Reviewing the RBI’s policy move, IDBI Bank Deputy MD B.K. Batra says there is no immediate need to raise rates. “Bankers should wait and watch the RBI’s stance before taking any decisions,” he says. “The RBI is attempting a balancing act,” he says, adding that the central bank was watching both growth and inflation.