The Fed stumbled where RBI steadied the ship4 min read . Updated: 21 Jul 2022, 09:56 AM IST
Our central bank diagnosed its causes more accurately while keeping currency risks under watch
Even as the world grapples with a surge in inflation, it seems India’s price rise may have already peaked. While it is certain that inflation will stay elevated in first half of 2022-23, with readings more than 7% till September, the second-half prognosis looks bright with March 2023 inflation likely to be in the 5-5.5% range. This would mean that monetary policy might be less aggressive than anticipated earlier.
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