Monetary policy: Inflation trend not persistent at this time, says RBI

On petrol and diesel prices, coordinated action by the states and the Centre is needed, says Governor Das

After the second bi-monthly monetary policy committee meeting, the Reserve Bank of India Governor, Shaktikanta Das, Deputy Governors Michael Patra, MK Jain, and T Rabi Sankar took questions from the media on a wide range of issues. Edited excerpts:
 
RBI appears to be focused on 10-year bonds, whereas longer-dated bond yields have spiked. So, what will be the RBI’s strategy in subsequent government securities acquisition programmes (G-SAPs) in this regard?
 
Das: We are focused on the entire yield curve. If you see the GSAP auctions that we have done, we have included bonds across varied maturity profiles. The