RBI's Letter to Government on Inflationary Pressures!

RBI’s Letter to Government on Inflationary Pressures!

What’s Happening? According to the provisions of the RBI Act and the Monetary Policy Process Regulations, 2016, the MPC is said to have failed to achieve its objective when the inflation figures as presented by the Consumer Price Index (CPI) remain out of the 2-6% target range for three consecutive quarters. In this regard, the …

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