RBI Governor Shaktikanta Das | Photo: Kamlesh Pednekar
Reserve Bank of India (RBI) Governor Shaktikanta Das rooted for a rate cut citing falling growth and loss in investment traction, while his deputy Viral Acharya advocated caution citing rising oil prices and a risk of inflation spike as a result of fiscal assistance to alleviate rural distress, edited minutes of the monetary policy committee (MPC) showed on Thursday.
Acharya, who in the February policy had also advised a pause, said the central bank should be cautious as a deflation in food prices may have an attendant fiscal risk.
“Fiscal responses to deal with agrarian distress resulting from low food
First Published: Apr 18 2019 | 10:41 PM IST