The RBI Governor Raghuram Rajan said on Tuesday, the Reserve Bank of India will go for a genuine premium rate of 1.5 percent to 2 per cent over the long-term.
Rajan also said, the Central Bank would progressively move towards new Monetary Policy structure one year from now.
Official information demonstrated that Nation’s yearly wholesale inflation rate dropped to its least level in five years to 1.77 per cent in October from 2.38 per cent in the earlier month and 7.24 per cent for the like month of the earlier year.
