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The Times of India
The Times of India
Business
Bloomberg

RBI strikes hawkish tone with surprise bond plan

RBI Inflation Shaktikanta Das Reserve Bank of India India Mumbai

MUMBAI: The Reserve Bank of India struck a hawkish policy tone on Friday, saying inflation remains uncomfortably high and it may take measures to absorb excess cash in the market to keep price pressures under control.

Governor Shaktikanta Das and the rest of his six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 6.5%, in line with economists’ forecasts. Most of the committee members voted to keep the policy stance focused on “withdrawal” of liquidity.

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