Published On: Aug 22, 2019

RBI watchers were left scrambling for their dictionaries and Google searches to decipher parts of a speech by the RBI governor Shaktikanta Das and minutes of the recent monetary policy committee meeting. In the minutes, MPC member Chetan Ghate said 'estimates of economic growth in India have unfortunately been subject to a fair degree of floccinaucinihilipilification. Notwithstanding this, growth is likely to pick up.'  

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