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Mr Rana Kapoor

Coimbatore, July 29

YES Bank Founder and CEO, Mr Rana Kapoor, said “it is a short term pain for long term stability,” said Stating that the measures signalled that the RBI was willing to sacrifice growth to contain inflation, he said “inflation management has received highest attention, particularly with the unprecedented escalation in global commodity prices and continuing supply constraints.”

“Correction of domestic aggregate demand in the short-term is an imperative to harness inflationary expectations. Concerted focus on containing any potential liquidity overhang, along with downward adjustment of key monetary parameters, remains high priority with the RBI,” Mr Kapoor said. –

Our Bureau

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