Need to re-estimate India's threshold inflation of 6% as output gap closes, says RBI's Michael Patra - Moneycontrol

While calling for a re-assessment of the threshold inflation rate, an article co-authored by the RBI deputy governor did not indicate whether this new estimate could be higher or lower than 6 percent.

The current 6 percent upper bound of the Reserve Bank of India's (RBI) inflation mandate will need to be estimated again once the output gap closes, according to the central bank's deputy governor, M… [+4128 chars]

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