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Quote of the Day (22-03-2014)

March 31, 2014 by KRS Leave a Comment

“Higher and higher level of inflation feed on each other and the ultimate is hyper inflation. Hyper inflation has social conflict because middle-class savings get wiped out. Hyper inflation is not where we want to go. Moderate rate of inflation do not necessarily translate into hyper inflation, but we need to be careful”.                  -RBI Governor

Filed Under: Quotes

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