 "reserve bank of india, rbi")
A rate hike is clearly on the cards. Last week the Reserve Bank of India decided to recalibrate its policy approach by shifting the stated focus back to price stability. And with actual inflation likely to be higher than the projected rate, the Monetary Policy Committee would have to act more aggressively, the top edit points out. Read it here. Arguing that the central bank is no longer in denial mode, Tamal Bandyopadhyay mulls the possibility of a rate hike in June. Read it here.
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Ajit
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