RBI rejected advice of external experts on interest rate cut
Ignoring the advice of five out of six external members of the Technical Advisory Committee, the RBI decided to keep the interest rates unchanged in the view of high inflation in its second quarter review of the monetary policy announced last month
Mumbai: The Reserve Bank of India (RBI) had rejected the advice by majority of external experts to lower the interest rate by up to 0.5% in its second quarter review of the monetary policy announced last month, reports PTI.
Ignoring the advice of five out of six external members of the Technical Advisory Committee (TAC), the RBI had ...
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