The minutes of the RBI's monetary policy committee meeting reveal that members were apprehensive about food inflation. RBI governor Shaktikanta Das expressed concern about the uncertainty in food prices and its impact on overall inflation. Jayanth R Varma, the most dovish member, suggested calibrating the policy rate based on projected inflation. Deputy governor Michael Patra emphasized the vulnerability of inflation to food spikes and the need for pre-emptive action. Rajiv Ranjan highlighted concerns about elevated food inflation and its impact on the inflation outlook.
Posted from: this blog via Microsoft Power Automate.