 "RBI, Reserve Bank of India")
On expected lines, the Reserve Bank of India (RBI) has yet again refrained from tinkering with the policy rate. The stance of the policy, too, has remained unchanged — withdrawal of accommodation.
How do we describe the undertone of the policy?
It depends on how we read the RBI Governor Shaktikanta Das’s statement.
He has brushed aside the sudden rise in consumer price index (CPI) inflation, driven by food prices shock, and looked through this as an “idiosyncratic shock” even though he has raised the inflation projection for the current financial year.
The market seems to be happy with the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
