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Focus on inflation over growth, says Viral Acharya ahead of next RBI MPC meet


Former RBI deputy governor Viral Acharya said inflation is higher than expected and the MPC should 'respect' its core mandate of controlling price rise at the next week's policy review meet

The comments come even as there is an increased clamour for further rate cuts to aid the economic recovery, even as headline inflation has breached the 6% level in June, which is beyond the comfort of the RBI, which has been tasked to keep inflation at 4% in medium term with a 2 percentage points leeway on either side.

While many analysts are expecting a rate cut of ...


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