RBI eyes cooling inflation as it defends targeting framework
Price pressures in India have for the most part been driven by factors beyond the central bank’s control: costlier food items, broken supply chains due to a strict lockdown, and hefty levies on already rising retail fuel prices
Inflation in India may finally be slowing, opening the door for the central bank to resume monetary easing and helping it push back against calls for a shake up of its policy framework.
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