 "Reserve Bank of India")
The slowdown in food and consumer price index (CPI) inflation data left the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) with little choice but to stay on its course and keep the policy rate same.
Minutes for the RBI’s MPC meeting held between December 3 and 5 reveal that while global economic activity weakened on account of “rising trade tensions”, the sharp decline in crude oil prices in October and November will help “boost India’s growth prospects by improving corporate earnings and raising private consumption through higher disposable income”.
However, while the six members of the RBI’s MPC
