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RBI needs monsoon to deliver before weighing rate cuts in next MPC meet

Business Standard

By Anup Roy and Vrishti Beniwal




As Reserve Bank of India Governor Shaktikanta Das made the case for inflation risks arising from a delayed monsoon after holding interest rates again, the weather office declared the rains had finally reached the South Asian nation.

The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over. If there’s an…


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