As RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel has begun its three-day deliberations from yesterday, all eyes are on whether the key policy rates would be increased or not. Strongly guided by the persistent inflationary pressures, unabated rupee fall, widening Current Account Deficit (CAD), sky-rocketing crude oil prices and dim global cues, the central bank’s task is well cut out. In an exclusive interview with Manali Jaggi of BW Businessworld, Iyer opines on the factors the RBI can weigh while deciding on the rates it is going to announce tomorrow. Edited exercepts:-
Source: Today Deals