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RBI MPC meet: With highly uncertain inflation outlook, what a repo rate cut at this point could mean

Pointing out that inflation is higher than expected, former RBI deputy governor Viral Acharya had on August 1 said the rate-setting panel of the RBI should "respect" its core mandate of controlling inflation at its upcoming policy review meet.

August 06, 2020 / 08:17 AM IST

India's average retail inflation for the last two quarters (January-March and April-June) came in at above 6 percent. If retail inflation for the current quarter (July-September 2020) also crosses the 6 percent limit, the Reserve Bank of India (RBI) would miss its inflation-targeting mandate.

The Monetary Policy Committee (MPC), the RBI's rate-setting panel headed by Governor Shaktikanta Das, is scheduled to meet from August 4-6 to review key policy rates and take a decision accordingly.

Source: Ministry opf Statistics and Programme Implementation Source: Ministry of Statistics and Programme Implementation

Pointing out that inflation is higher than expected, former RBI deputy governor Viral Acharya had on August 1 said the rate-setting panel of the RBI should "respect" its core mandate of controlling inflation at its upcoming policy review meet.