Central Bank sees high risk from stronger monetary action | business | Hindustan Times
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Central Bank sees high risk from stronger monetary action

business Updated: May 12, 2010 19:15 IST

Reuters
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The risks associated with stronger monetary action were very high, Subir Gokarn, a deputy governor at Central Bank said on Wednesday.

The Reserve Bank of India has said it prefers baby steps to normalise monetary policy, but analysts say high inflation could force it to tighten more swiftly and sharply.