MPC Minutes: Food inflation risks elevated, conditions not in place for let-up in restrictive policy stance, says RBI Dy Guv Patra

Members of the Reserve Bank of India's Monetary Policy Committee expressed confidence in the current policy stance but remained cautious about factors like food inflation and external contingencies. They emphasized the need to maintain downward pressure on inflation until clearer risks emerge, with concerns about persistently high inflation figures despite recent dips.
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