RBI's Monetary Policy Committee unanimously agree to focus on 4% inflation target
The Reserve Bank of India`s (RBI) six-member Monetary Policy Committee (MPC) on Wednesday cited concerns about inflation in holding rates in February, with three of them specifying the need to shift the policy stance to "neutral" from "accommodative".
A labourer loads a sack of red chillies into a supply truck at a wholesale market in Kolkata. Image Source: Reuters