RBI: Decoding Das Capital
The lowering of rates, on top of the budget sops, could have the effect of stoking inflation.
The Reserve Bank of India (RBI), under its new governor Shaktikanta Das, seems to be heading for a 'course correction' after the acrimonious war of words with the government just a couple of months ago, when Urjit Patel was at the helm.
With general elections round the corner, the central bank's monetary policy committee, on February 7, decided to ease interest rates by 25 basis points, in
