 "Urjit Patel, Viral Acharya , RBI")
The six-member monetary policy committee (MPC) was concerned with rising inflation, and one member had voted for a hike in rates, while another argued just short of changing the stance of the policy from neutral towards hawkish, said the edited minutes of the two-day meeting.
On February 7, the Reserve Bank of India (RBI) kept its policy rates unchanged at 6 per cent and the stance at neutral, while indicating it was in for a long pause on rates. The policy was seen as less hawkish than anticipated by the markets, even as the retail inflation rate in December
On February 7, the Reserve Bank of India (RBI) kept its policy rates unchanged at 6 per cent and the stance at neutral, while indicating it was in for a long pause on rates. The policy was seen as less hawkish than anticipated by the markets, even as the retail inflation rate in December
