RBI’s dilemma: Let prices rise or interest rates? But in tomorrow’s monetary policy, central bank should prioritise fighting inflation

RBI’s monetary policy decision is due tomorrow. It comes in the backdrop of government plans to borrow Rs 15 lakh crore in 2022-23, to finance a higher-than-anticipated fiscal deficit of 6.4% of GDP. This complicates...

from Times of India Opinion https://ift.tt/2cdJvFG