<b>Letters:</b> Give RBI room to act

Several policy initiatives that have already been taken need to show positive results

The editorial, “Central bank dithers” (June 8), analyses the disappointing stance of the Reserve Bank of India (RBI) quite well. The monetary policy review statement has been dissected to understand why the RBI refrained from cutting rates and continued its neutral stance despite low inflation and moribund revival of the economy. The fact that the decision of the Monetary Policy Committee was not unanimous provides more food for thought. 

But the RBI is mandated to guide the inflation trajectory close to four per cent around which other interdependent forces of economic revival spin. Therefore, it is important for the RBI