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Monetary policy must consider growth, price stability - Chidambaram

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Reuters NEW DELHI
Last Updated : May 08 2014 | 2:02 PM IST

NEW DELHI (Reuters) - India's monetary policy decisions must take into account price stability and economic growth, Finance Minister P. Chidambaram said on Thursday.

A Reserve Bank of India panel in January proposed moving to an inflation target of 4 percent in three years, with a 2 percent band on either side when setting monetary policy, sharply below current levels.

(Reporting by Rajesh Kumar Singh and Manoj Kumar; editing by Malini Menon)

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First Published: May 08 2014 | 1:40 PM IST

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