RBI in wait and watch mode on recalibration of policy rate, show MPC minutes
Mumbai, Aug 19 (IANS) Reserve Bank of India Governor Sanjay Malhotra said that he would "prefer to wait for more certainty to emerge on the inflation trajectory in terms of the persistence of realised prints at these or higher levels, the forecast, and the likely levels to which inflation may normalise and settle for any recalibration of the policy rate", according to the minutes of the Monetary Policy Committee meeting released on Wednesday.