Reserve Bank of India’s next monetary policy review is scheduled for 5 April. According to Bank of America Merrill Lynch (BofAML), inflation risks are overdone and March inflation is likely at 4.2%, down from December’s 5.2% and well within RBI’s 2%-6% mandate. RBI takes into account retail inflation while formulating monetary policy. “We grow more confident of our call that inflation risks are overdone,” the report said. The central bank’s next monetary policy review is scheduled for 5 April.

Source: Mint March 28, 2018 11:48 UTC