RBI has surged ahead of curve: Deputy Governor Michael Patra - Moneycontrol

The RBI's rate-setting panel has since early May raised the policy repo rate by 90 basis points to 4.90 percent as it seeks to curb elevated inflation which could threaten economic recovery.

The Reserve Bank of India has surged ahead of the curve with its recent monetary tightening, deputy governor Michael Patra said on June 24. "RBI's action will prevent the second round effects from f… [+1109 chars]

full article...