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This with reference to "A light touch" (Business Line, November 1). The headline puts the RBI's Credit Policy Review in the right perspective.

While there is an increase of 25 basis points in the repo rate, the reverse repo rate has not been touched.

As pointed out, the move is towards fuller convertibility.

The one-time loan settlement will help farmers.

More should have been done to make credit available at a lower interest rate.

Containing inflation below 5.5 per cent and maintaining the boom in growth are positives.

A. Jacob Sahayam

Thiruvananthapuram

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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