Tenuous tack: On RBI holding interest rates

Friday’s decision by the Monetary Policy Committee (MPC) of the Reserve Bank of India to maintain status quo on benchmark interest rates and continue with an accommodative policy stance for “as long as necessary” has been widely welcomed as being ‘pro-growth’. With the MPC noting that the signs of economic recovery were still far from broad-based, the panel asserted that it was incumbent on policymakers to support a durable rebound. (Read More)


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