.....If that is the reality, and it is, and RBI still persists in citing food inflation as a cause for it not cutting rates, then it would be yet another illogical chink in RBI’s armour. And to be consistently inconsistent, it should raise repo rates in its fight against food inflation. And RBI should offer at least an obfuscation as to why its concerted hiking of interest rates has resulted in a zero impact on CPI inflation, and why it expects “this time to be different”...........
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