Prolonged pause on policy rates likely
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Going by the latest monetary policy, the RBI continues to remain vigilant on inflation
The RBI’s April monetary policy was eagerly awaited by the markets for anticipated steps on liquidity management. In this context, the narrowing of the policy corridor was a welcome development as it achieves several objectives at one go.The practice of narrowing the corridor was recommended by Urjit Patel in a report published in 2014. This will help in finer alignment of the operating rate to th...
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