We are trying to get a finer grip as to what is happening in economy: RBI

Slowdown in GDP due to deceleration in capital formation in Q4, says the central bank

After the Reserve Bank of India’s (RBI’s) second bi-monthly policy review for FY18, Governor Urjit Patel and other top officials spoke to the media on the central bank’s decision to hold the repo rate, reduction in SLR requirements, inflation and its fears about the rising loan waiver demand. Edited excerpts:

Recently, the media reported that the finance ministry had called for a meeting with the Monetary Policy Committee (MPC) members. Does it not curb the RBI’s independence and damage the credibility of the MPC?

Urjit Patel: The meeting did not take place. All the MPC members declined the request of