Business

India Rate Hawk Sees RBI Credibility Restored After Hikes

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“I draw comfort from the fact that during the recent spike in inflation, survey data indicated that inflation expectation remain well anchored and long term yields were quite stable,” Jayanth Rama Varma, an external member of the monetary policy committee, said when asked about central bank’s credibility. He responded in an e-mail reply to questions on Saturday.



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