RBI promises to be nimble footed. Honestly, as an economist it is now becoming more difficult to predict the timing of the first rate cut in India, says Indranil Pan of Yes Bank.
RBI Monetary Policy: The Reserve Bank of India s Monetary Policy Committee today left interest rate target for the next fiscal year unchanged. India s policymakers implement measures to control inflation through monetary and fiscal interventions, export restrictions, and actions against hoarding. Finance Minister Nirmala Sitharaman recently stated that retail inflation is stable, thanks to government efforts to check price rise in perishable commodities.