Inflation showing signs of peaking, RBI actions may be moderate: Michael Patra - Economic Times

RBI deputy governor Michael Patra said the MPC will discuss and draft the report to be sent to the government to explain the deviation from the inflation target, weighing in on the situation if the figure is not met for three successive quarters.

Indias retail inflation is showing signs of peaking and the policy needed to contain prices wont be as harsh as elsewhere, said Reserve Bank of India (RBI) deputy governor Michael Patra, also a part … [+3994 chars]

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