RBI monetary policy committee's stance to remain focused on 'withdrawal of accommodation' is becoming more and more disconnected from reality, says Jayanth R Varma
Less than a third of the increase in the repo rate during April-August has been transmitted to retail bank deposit rates, says RBI MPC member Jayanth R. Varma.
The Reserve Bank of India will unveil its monetary policy statement on October 9. The central bank is expected to hold rates for now, but what will be the broader signal from Mint Road?
