Ahead of Fed hike, the worry: RBI behind curve - The Indian Express

Some analysts have been warning that the RBI has fallen behind the curve in tackling inflation. There were clear indications too. The yield on the 10-year benchmark bond has already crossed the 7 per cent level.

Less than a month ago on April 8 the Reserve Banks Monetary Policy Committee (MPC) had decided to keep the policy Repo rate unchanged at 4 per cent despite rising inflation and heightened global unce… [+5618 chars]

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