NEW DELHI -- The Reserve Bank of India's rate-setting panel meets on Thursday to discuss its failure to keep inflation within its target range for three consecutive quarters for the first time.
Central bank must report to government after prices topped 6% ceiling for 9 months
The Reserve Bank of India, led by Gov. Shaktikanta Das, is obliged to explain to the government why it has been unable to keep inflation under a 6% upper threshold. © Reuters
NEW DELHI -- The Reserve Bank of India's rate-setting panel meets on Thursday to discuss its failure to keep inflation within its target range for three consecutive quarters for the first time.