MPC minutes suggest food inflation was main reason for not cutting repo rate

Mumbai (Maharashtra) [India], June 21 (ANI): The minutes of the Monetary Policy Committee (MPC) of the Reserve Bank of India, released on Friday said that the committee emphasized on withdrawing accommodation to ensure that inflation aligns progressively with the medium-term target of 4 per cent, while continuing to support the economic growth.

In its 49th MPC meeting held between June 5 and 7, it was decided to maintain