It’s early to act on inflation: RBI

……….. RBI’s stance suggests it will wait for inflation, which has been in the negative territory for eight consecutive weeks since early June, to creep up before embarking on any reversal of its expansionary policies. “However, we are aware that sometime down the line pressure could hit us, and certainly when signs of inflationary pressures show up, we will take action,” he said adding, that the RBI is monitoring the situation…….

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