Pulling up the inflation anchor2 min read 05 Oct 2016, 12:04 AM IST
The first credit policy coming out after discussions by a new monetary policy committee, and helmed by a new governor, appears to have moved to a flexible inflation target
In this column, on Tuesday, it was argued there was no need for a needless fix like a 25 basis point repo rate cut. But that is exactly what the Reserve Bank of India (RBI) has delivered. That is not the only surprise for those who are batting for the central bank to stay true to the 4% inflation target.
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