Run-Up To The Credit Policy
Last week, Reserve Bank of India (RBI) Governor Bimal Jalan announced a mini credit policy in Delhi, when he said the economy would grow 6 per cent in 2003-04 and the rate of inflation would be 5-5.5 per cent.
If he sticks to these projections in the credit policy on Tuesday, the RBI may find it difficult to maintain its soft rate bias despite the finance ministry