“The issue of changing the monetary policy stance and withdrawal of accommodation till inflation falls to the desired level is like a chicken and egg question and that I want the chicken to decide,” the governor said jokingly, while addressing reporters at the post-policy presser, refusing to offer a guidance on the monetary policy stance.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may