RBI’s Monetary Policy Committee member Jayanth R Varma is of the view that there is a need to be more patient when it comes to gliding inflation to the 4 per cent target, and this is the price to pay for avoiding a growth shock.
With retail inflation at 5 per cent now and an environment of greater economic stability, how fast should the Reserve Bank of India go in reining in inflation? There are differences of opinion in the Monetary Policy Committee of the central bank.
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