RBI MPC Set for Difficult Balancing Act on Rates
The Reserve Bank of India's Monetary Policy Committee faces a challenging decision at its October meeting, balancing persistent inflation and rising global yields against the need for monetary tightening, with crude oil price surges strengthening the case for a hike.
The Reserve Bank of India (RBI) is likely to face a difficult balancing act at its October Monetary Policy Committee (MPC) meeting, with persistent inflationary pressures, rising global bond yields and a sharp increase in crude oil prices strengthening the case for monetary tightening. While a 25 b…