The evolution of Urjit Patel as RBI governor3 min read . Updated: 08 Jun 2017, 05:15 AM IST
Urjit Patel's stand on an MPC meeting with the finance ministry shows he has started asserting himself as an RBI governor
The Reserve Bank of India’s (RBI) first bimonthly policy of the current financial year in April projected average inflation of 4.5% in the first half of fiscal 2018 and 5% in the second half. Two months later, on Wednesday, it pared its inflation projection substantially—to a range of 2-3.5% in the first half of the year and 3.5-4.5% in the second half. Despite this, RBI has not changed the stance of the policy; it has remained neutral even though the tone of the policy has changed from hawkish to dovish.
Select your Category