RBI Monetary Policy Committee (MPC) Minutes: Inflation shock defeats conventional forecasting models, says deputy governor Michael Debabrata Patra
The central bank has increased the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect, during the last policy meet.
RBI Deputy Governor Michael Debabrata Patra (Image credit: Youtube, RBI official page)