The Governor also said that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
Amid inflationary pressures remaining high in recent times, the Reserve Bank of India's MPC is moving towards a hawkish stance, with the benchmark interest rate being hiked by 90 basis points to a two-year high of 4.90 per...
RBI Governor Shaktikanta Das, as per the minutes, said the off-cycle monetary policy actions were aimed at lowering inflation and anchoring inflation expectations
