Decoupling from US: RBI governor Shaktikanta Das's boldest monetary policy

RBI has the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at 4 per cent and 3.35 per cent

When the Reserve Bank of India (RBI) Governor Shaktikanta Das was reading the monetary policy statement, laced with quotes from Mahatma Gandhi and Lata Mangeshkar’s song “Aaj Phir Jeene Ki Tamanna hai”, most analysts (including me) were liberal in using adjectives such as “extra dovish”, “ultra-loose”, “predictable” and a “non-event” to describe the outcome of the three-day meeting of the Monetary Policy Committee (MPC), the central bank’s rate-setting body.

It has left the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at