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The Monetary Policy Committee (MPC) has been more concerned about global factors than domestic ones, former Chief Economic Advisor Arvind Virmani said on Thursday, adding the country needs faster rate cuts from the Reserve Bank of India (RBI). "There are two factors -- global and domestic.
The MPC was much concerned about global factors, which is exactly what has happened, and much less about domestic factors," Virmani told BTVi in an interview. The RBI left the key interest rates unchanged in its policy review on Wednesday.
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The Monetary Policy Committee (MPC) has been more concerned about global factors than domestic ones, former Chief Economic Advisor Arvind Virmani said on Thursday, adding the country needs faster rate cuts from the Reserve Bank of India (RBI). "There are two factors -- global and domestic. 
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