RBI Minutes Flag Broader Inflation Risks and More Rate Hikes
Reserve Bank of India policymakers warned that broadening price pressures could prolong the rate-hiking cycle, citing risks from higher input costs feeding through to consumer prices and inflation expectations.
Mumbai, Oct. 21 -- The Reserve Bank of India's (RBI) monetary policy committee (MPC) has warned that broadening price pressures could prolong its rate-hiking cycle, with policymakers flagging the risk that higher input costs will feed through to consumer prices and inflation expectations, minutes o…