Walking together

................This would suggest that the economy is accommodating the interest rate regime and there aren't significant downside risks to growth from it. Meanwhile, several actions by the government - virtually freezing the procurement price for paddy, open market sales of cereals and deterring state governments from offering additional incentives for cereal procurement - bode well for containing food inflation. After quite a while, the government and the RBI appear to be walking together.

Read | Business Standard