Members of the Reserve Bank of India’s rate-setting panel flagged the need to remain on “high alert” to counter price spikes, including in vegetables, that may derail the “disinflation process”, showed the minutes of its meetings held from December 6 to 8
The Monetary Policy Committee (MPC) members, while keeping the repo rate unchanged at 6.50 per cent, said the fight against inflation is far from over amid concerns over repeated supply shocks.
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