RBI has run out of reasons to slash policy rates in a recessionary FY212 min read 13 Nov 2020, 05:12 PM IST
No amount of monetary easing matters if private consumption does not pick up pace
As inflation reduces the value of money, Indians would be less likely to increase consumption
October’s retail inflation print is the ninth monthly one above the flexible inflation target of 2-6% given to the Reserve Bank of India (RBI) by law. In 2020 so far, inflation has been below 6% only in March.
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