Indian Textile Sector feels fine tuning despite RBI interest hikes http://www.fibre2fashion.com/industry-article/paidArticles/3069.asp
Article Abstract: Present state of inflation is complex encompassing both short and long term issues. Attempting to break the back of the beast, the Reserve Bank of India (RBI) has increased its key rates for the fifth time in the same year. Though not very successful, RBI is trying its bag of tricks to curb the sky rocketing inflation rates. A complete elucidation for inflation issues is out of scope of the credit policy of RBI. The Central Bank is more worried more about the soaring inflation rates, rather than the resulting industrial squeezelikely to result due to the rate hikes. Industry experts contemplate that the hikes are likely to have only a moderate impact on the growth of the Indian industrial sector. In the Textile and Apparel sector, production for the period of April-June has increased when compared to the corresponding period of the previous year. Learn More about Indian Textile Sector feels fine tuning despite RBI interest hikes @
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