RBI's letter may cite Ukraine war as main reason for high inflation: Report

For the past few months the MPC's and the governor's conduct has pointed at the war in Ukraine as the main reason for inflation staying above 6 per cent for three consecutive quarters

The members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet on Thursday to discuss an explanation of why the central bank failed to keep inflation within the acceptable limit of 2-6 per cent for three consecutive quarters. Governor Shaktikanta Das will write a letter to the government explaining the reasons. Das might mention the war in Ukraine as the main reason, according to a report in Economic Times (ET).

The report added that for the past few months the MPC's and the governor's conduct has pointed at the war in Ukraine. "February 24 completely