Surprise Dissenter Emerges

Surprise Dissenter Emerges in RBI’s Monetary Policy Team

In a recent shake-up of the Reserve Bank of India’s (RBI) monetary policy committee (MPC), Nagesh Kumar, one of the three newly appointed external members, stood out as a new voice of dissent, advocating for a rate cut. The RBI appointed Nagesh Kumar, Ram Singh, and Saugata Bhattacharya on October...