The Hindu Explains | What is inflation, and what is the RBI’s role in tackling it?

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced its decision to hold the benchmark repo rate unchanged at 4%. Vowing to stick with its ‘accommodative’ policy stance in the next fiscal year to help support economic recovery amid the COVID-19 pandemic, the MPC opined that inflation was likely to remain elevated, “barring transient relief in the winter months from prices of perishables”.(Read More)