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RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

FY14 GDP Seen At 5.5%: C. Rangarajan

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Earlier this week, Finance Minister P. Chidambaram admitted that the dismal economy has a lot to do with policy mistakes made over the last few years. Does this mark a turn in the approach for the government? C. Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) speaks to Bloomberg TV India about the situation of the Indian economy and says that devaluation of rupee is due to the high inflation witnessed in the past three years.