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RBI members say inflationary risks to remain in near term: MPC minutes

RBI minutes: MPC concerned over rising inflation

Reuters  |  Mumbai 

Minutes from the Reserve Bank of India's meeting this month showed monetary policy committee members expressing concerns about accelerating inflation, although that was also tempered by uncertainty about the strength of an economic recovery. The MPC voted 5-1 at the meeting to keep the policy rate on hold at 6.0 per cent and to retain its "neutral" monetary policy stance. RBI Executive Director Michael Patra was the sole member to vote for a 25 basis point hike. The minutes released on Wednesday showed widespread concerns among the six MPC members about inflation, ...

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First Published: Wed, February 21 2018. 18:46 IST