Kolkata: Former RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by the Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow.
...Ex-RBI Guv bats for maintaining hawkish stance on rates
The ex-RBI Guv also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target of a USD 5-trillion economy.