The next Reserve Bank of India (RBI) Monetary Policy Review in early June will be watched with keen interest. Inflation is rising, fourth quarter (Q4) results are not so good, the banking sector is in disarray, energy costs are up, and the rupee is weak. None of the indicators are in the red zone yet.
Prompt action by the RBI could prevent things from spiralling further into dangerous territory. But what will the RBI do? It has had a relatively easy ride since September 2014, when crude prices started trending down. Inflation reduced as energy costs dipped. The rupee also recovered as ...
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First Published: Sun, May 27 2018. 21:07 IST
