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RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM

RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM

Feb 04, 2018, at 10:15 pm

New Delhi, Feb 4 (IBNS): The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.