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RBI shifts focus from inflation to growth
Inflation continued to show a welcome decline on Thursday with the wholesale price index rising to 11.07 per cent from 11.44 per cent last week. The numbers will come as a big relief to the RBI, which will announce its mid year credit policy review on Friday. Easing inflation and heightened concerns about a dip in growth is expected to ensure that the credit policy this time will prioritize growth over inflation.
