RBI’s MPC feared broader inflation

Fear of inflation dominated the monetary policy committee (MPC) meeting of the Reserve Bank of India on August 6. Members said supply disruption was pushing up prices even as consumption patterns changed in favour of food, which was increasing the risk of inflation becoming broad-based.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CQ2i2g