Currency outweighs inflation relief for monetary panel for now

When the conservative Varma suggests repo rate at 6% is good enough for a pause, it’s a sufficient signal that the RBI is close to peak interest rate, for now. After a fourth straight increase, the repo rate is at 5.9%. To add weight to Varma’s stance, Goyal said the MPC may end up overdoing the increases, hurting the economy.

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