India cenbank waiting to see how inflation risks pan out-governor
MUMBAI, Dec 5 (Reuters) - The Reserve Bank of India would be
ready to take policy action if upside risks to inflation do not
materialise, Governor Urjit Patel said on Wednesday after the
central bank announced it was holding interest rates steady for
"Given the assessment that growth will likely remain healthy
for the rest of the year, the MPC (monetary policy committee)
retained its stance at calibrated tightening so as to buy time
to pause, reflect and undertake future policy action with more
robust inflation signals," Patel said.
"If the upside risks we have flagged do not materialise or
are muted in their impact as reflected in incoming data there is
a possibility of space opening up for commensurate policy
actions by the MPC."
(Reporting by Sankalp Phartiyal)
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