Why RBI has been wary of declaring an early victory over inflation?
Why in the news? Recently, the Monetary Policy Committee (MPC), which met here from April 3 to 5, decided to keep the repo rate unchanged at 6.5% and maintain the policy stance of ‘withdrawal of accommodation’ in the monetary policy. Withdrawal of accommodation means reducing the money supply in the system which will rein in… Continue reading Why RBI has been wary of declaring an early victory over inflation?

