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RBI’s Policy Dilemma: The case for status quo 

With positive real rates and a falling inflation trajectory, it is safe to conclude that the stance of monetary policy too has more or less reached neutral territory 

If global central banks go soft on their rate tightening, it will reduce pressure on the USD-INR exchange rate arising from interest rate differentials. This, in turn, will allow the Shaktikanta Das-led RBI to pause and assess the impact of its past policy actions (file image)

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