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Apr 20, 2018
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Monetary Policy Committee members turn hawkish, talk of tightening policy
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has flagged several concerns, including an increase in minimum support prices for farmers, house rent allowance (HRA) revision and high and volatile crude oil prices, indicating a tightening of the policy regime in the coming months, the minutes of the MPC meeting released by the RBI on Thursday showed. RBI Deputy Governor Viral Acharya and Executive Director Michael Patra, members of the 6-member MPC, turned hawkish and spoke about the withdrawal of accommodation.
Source -
http://indianexpress.com
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