INSUBCONTINENT EXCLUSIVE:
preferring to wait for greater clarity on price pressures.
Five of six MPC members had voted for keeping rates on hold at 6.50 per cent,
inflation-targeting mandate of the MPC, it seems important to signal commitment to keeping to the mandate and move forward carefully at an
said last week.
Headline inflation for the first quarter of the fiscal year to March 2020 is projected at 4.8 percent compared with the
of summer-sown crops, a rise in crude oil prices and increased volatility in financial markets of emerging economies, RBI Governor Urijit
Patel said.
Other risks include rising input costs, fiscal slippage at the federal or provincial levels and the effects of staggered house
rental allowance revisions by state governments, he said.
Given inflation risks have been persistent, and to achieve the inflation target,
