A monetary policy overhaul may be on the anvil as an RBI panel has recommended that the policy be set by a committee and that consumer price index (CPI) inflation be used as the nominal anchor for policy making.
Bloomberg TV India spoke to JPMorgan Chase's Sajjid Chinoy, and asked him if it would be a difficult target to contain CPI at 8% in the next 12 months. Also, Saloni Shukla gets brokerages' views in terms of their outlook on rates if the RBI panel's recommendations are accepted.
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