Further rate cut today runs the risk of an overdose, says RBI MPC member Ram Singh

Ram Singh, an external member of the central bank's Monetary Policy Committee, believes an immediate rate cut poses an overdose risk. He states that existing monetary and fiscal measures are still impacting the economy. Singh emphasizes tracking both nominal and real GDP growth. He also notes that low inflation negatively affects businesses and public finances.

from Economic Times https://ift.tt/V8ovwH3