Tag: food price rise

MUMBAI: RBI governor Shaktikanta Das has indicated that rates may need to rise if there is a second-round impact of food price shocks on broader prices.“We need to be ready to pre-empt any second-round impact of food price shocks on the broader inflationary pressures and risks to anchoring of inflation expectations,” Das said, minutes of the monetary policy committee (MPC) meeting showed. In the meeting, held between August 8-10, the MPC voted unanimously to hold rates for a third time this year.Voting for a pause in the policy...