As the stern anti-inflationary stance of Reserve Bank has started crimping growth and demand, global rating agency Fitch has further lowered forecast for domestic economy to 7.7 percent for 2011 from previous 8.3.
Fitch report says the economic outlook is likely to remain somewhat clouded by persistently high inflation.
Fitch has also opined that RBI may need to raise policy rates further.
Fitch report says the economic outlook is likely to remain somewhat clouded by persistently high inflation.
Fitch has also opined that RBI may need to raise policy rates further.
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