Writing on wall: Central bank begins tightening, shifts priorities to tackle inflation - The Indian Express

The RBI also introduced a new measure, the Standing Deposit Facility — an additional tool for absorbing liquidity — to suck out surplus liquidity of Rs 8.5 lakh crore from the financial system which is fuelling inflation.

With rising risks of the monetary policy falling behind the curve, the Reserve Bank of India has finally shifted its priorities to tackle inflation from reviving growth, with the possibility of a hik… [+4305 chars]

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