Economics · Monetary Policy
Under the current flexible inflation targeting framework in India, what is the target inflation level mandated for the Reserve Bank of India?
- 16% with a tolerance band of +/- 2%
- 23% with a tolerance band of +/- 1%
- 35% with a tolerance band of +/- 1%
- 44% with a tolerance band of +/- 2%✓
Correct answer
4% with a tolerance band of +/- 2%
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