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RBI shows the dull but venerable art of batting with a straight bat

Its MPC had all the reason not to rock the boat, with growth faring well, inflation cooling and national elections looming. ....

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Food inflation on mind, RBI holds interest rates steady

India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over the past few quarters from leaping. However, risks to price stability have not entirely receded into the background, said RBI Governor Shaktikanta Das, after the first policy review meeting in the new fiscal year. ....

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