RBI Panel Suggests CPI As Anchor
  • Prabha Hedge
  • Jan 22 2014

January 22: 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 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.