This refers to your edit “RBI does minimum” (September 18). It is clear that the Reserve Bank of India (RBI) is not convinced about the government’s recent reform measures that are inflationary in character. The consumer price index is very high and in double digits, and that is a real concern for RBI. Thus, a cash reserve ratio (CRR) cut is the most appropriate step that the central bank could have taken for the moment.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Letters:</B> RBI took the right step</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; FONT-WEIGHT: bold;'>It is clear that RBI is not convinced about govt

<b>Letters:</b> RBI took the right step

It is clear that RBI is not convinced about govts recent reform measures that are inflationary in character

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