raised its average inflation forecast for the current fiscal year to 5.7% from 5.1%, and said it would increase the amount of money it drains through its variable rate reverse repurchase agreements.
The dissent from monetary policy committee member
Jayanth Rama Varma
's annual inflation rate topped 6% in both May and June, putting it above the upper end of
's target band. While it wasn't the first time that
dissented, it added to a slew of negatives for the nation's debt including ...