The MPC Meets on Monday With Growth Above 7% and Inflation Above 4%. Neither Number Argues for Moving

Blitz India Business NEW DELHI: Central banking is occasionally about decisions and mostly about explaining why no decision was necessary. This week is likely to be the second kind. The Reserve Bank’s Monetary Policy Committee meets from August 3 to 5, with Governor Sanjay Malhotra announcing the outcome on the final day. The repo rate…