RBI MPC Minutes

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Minutes of the meeting show Das felt economy needs more monetary stimulus as inflation outlook remains uncertain

Members will look for growth initiatives in Union Budget

What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India

Two of his RBI colleagues and an independent member in the rate-setting MPC had also favoured a 35-basis point reduction, against the normal practice of 25 or 50 basis points change

Effective supply management by government could help in keeping food inflation under check, RBI governor said