The timely fall in vegetable prices is likely to lead the Reserve Bank of India (RBI) to temper the tone of its monetary policy statement. “I have two choices: either to feed (the cauliflowers) to cattle or sell at cheap price in the market. That has led the central bank to keep its policy rate at 6.00% since a 25 basis points cut in August. Still, not all analysts are convinced the RBI will hold rates. Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership, says he has not yet changed his prediction for the RBI to raise rates in August.

Source: Mint March 28, 2018 07:52 UTC