Avoidable uncertainty: On RBI monetary policy statement

The third bi-monthly monetary policy is going to be released on October 9 instead on October 1. The review was delayed due to failure of government in appointing its three nominees to the six-member committee. This delay was not expected when the economy has contracted by 23.9% in the first quarter, inflation continues to reign above the 6% upper limit and jobs and incomes remain under pressure.  


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