War against inflation not yet won: MPC's Jayanth Varma
Monetary policy should not be conducted by looking at the rear view mirror, says Varma.
Monetary policy should not be conducted by looking at the rear view mirror, says Varma.
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.
Less than a third of the increase in the repo rate during April-August has been transmitted to retail bank deposit rates, says RBI MPC member Jayanth R. Varma.