Central Bank sees high risk from stronger monetary action

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

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

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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.