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Policy● Neutral for Indian equities
MPC internal members must think independently of RBI: Ashima Goyal
The brief
- Ashima Goyal says MPC members should think independently of the RBI
- The inflation-targeting band gives the MPC flexibility to look through temporary food inflation
- MPC independence and its approach to food inflation matter to rate-sensitive Indian stocks and banks
- Global food prices reach near four-year high in September amid supply disruptions
- India weighs lower pulse import duties to curb food inflation
- India steps up palm oil buying after import-duty cut spurs restocking
- The Biggest Jump in Global Crop Prices Since 2022 Threatens to Boost Inflation
- Pulses import duties may ease over poor rains