Fall in inflation gives MPC room to continue to support growth in economy
These issues weren't discussed in such details in policy statement, or in post-policy press conference, even when the members seemingly unanimously voted to keep policy rate unchanged at 4%
The Reserve Bank of India left interest rates unchanged at that meeting two weeks ago, as expected.
The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks
After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged
The MPC is mandated to keep inflation in a range of between 2% and 6% and recent data showed the retail inflation rate in January climbing to a more than six-year high of 7.59%
Members will look for growth initiatives in Union Budget
MPC member Patra voted for rate hike due to inflation outlook
MPC member Ravindra Dholakia and Michael Patra of the central bank are likely to continue to vote for a cut