 "Illustration: Ajay Mohanty")
It is nearly certain that the monetary policy committee (MPC) will hold the key policy rates unchanged in their upcoming meeting later this week. For ensuring better flow of credit to various segments of the economy, policy makers have recently acted between scheduled MPC meetings and may continue to do so whenever needed. Thus, expectation of immediate action related to monetary policy, or better credit flow, is relatively limited in the current policy.
Nonetheless, one feels that the June MPC meeting is one of the most interesting and crucial ones in recent months. It comes against the backdrop of renewed headwinds
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