Urjit Patel, governor of the Reserve Bank of India (RBI), third right, speaks during a news conference in Mumbai, India.(Photographer: Dhiraj Singh/Bloomberg)

India Monetary Policy: A Game Of Mastermind   

Today, the Monetary Policy Committee issued its fourth monetary policy statement for the fiscal year 2018-19. The MPC decided to keep rates on hold but changed its stance from “neutral” to “calibra...

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