The Reserve Bank of India has turned its focus on bringing runaway inflation under control after repeatedly calling surging price pressures temporary previously.
In an interaction with Business Today, Dave, who has been a banker for over three decades, talks at length on what one can expect from the MPC meeting’s outcome tomorrow, and the current macroeconomic climate.
With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, a hint for which has already been given by Governor Shaktikanta Das, opined experts.