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Buy Competition Success Review General Knowledgebest offers General knowledge gk today published this article page no 5 if however there is a continuous deviation of actual inflation from the targets tolerance bands (inflation falls below 2 percent or rises above 6 percent) by this magnitude for three consecutive quarters the Reserve Bank of India (RBI) has to write a letter to the Government of India explaining the reasons for the deviation the actions that will be taken to correct the deviations and the time it will take to return inflation to its target. Thus the responsibility of monetary policy towards the target takes the form of a precommitment and is consistent over time gktoday current affairs.
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