RBI wants to execute a soft landing but hardening data on inflation is making it harder by the day
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Body language readers would have had a fun day observing Reserve Bank of India (RBI) Governor Shaktikanta Das fielding questions during the post monetary policy press conference on 8 April 2022. So would connoisseurs of governor-speak, specialists who have made it their life’s mission to parse every nuance expressed by central bank governors. Just when you thought that central bank chiefs had finally abandoned their traditional proclivity for discursive replies, Governor Das dragged central bank communication back to old normal.