Prudent approach: On the RBI’s interest rate-setting committee meeting
There was little room for the Reserve Bank of India (RBI)’s interest rate-setting committee to manoeuvre during its meeting in early August. Elevated global crude prices over the past few months had already pushed retail inflation beyond the central bank’s 4% target, with headline CPI rising to 4.38% in June, the highest in the current…
Read More “Prudent approach: On the RBI’s interest rate-setting committee meeting” »