Excerpts:What kind of inflationary impact does MPC see due to the policies announced in the Budget? In the RBI Act, price stability has been defined as 4%, plus/minus 2. So, the decision of the MPC has not gone beyond the RBI Act. There have been demands to make certain changes in the February 12 circular. At the moment, there is no proposal to modify the February 12 circular.

Source: The Hindu February 07, 2019 17:13 UTC