What transpired at RBI's MPC meet held to discuss inflation mandate failure?

The meeting was called on Thursday under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.

Inflation 'unacceptably and uncomfortably' high: RBI Guv Shaktikanta Das at MPC meet

Reserve Bank Governor Shaktikanta Das said the policy actions of the central bank would continue to be calibrated, measured and nimble depending upon the unfolding dynamics of inflation and economic activity.

MPC member Ashima Goyal Urges Slow Hikes as Interest Rates Near Neutral

An Indian monetary policy dove signaled it’s probably time to abandon the aggressive pace of increases in borrowing costs, saying the inflation-adjusted real interest-rate is approaching neutral terrain -- a level where it can help check inflation without stifling economic growth.

RBI hiked your loan interest rates to prevent inflation from corroding economic recovery, MPC minutes reveal

In the Monetary Policy Committee (MPC) meeting held during June 6-8, RBI Deputy Governor Michael Debabrata Patra, noted, If this inflation is allowed to go out of hand, it could corrode the foundations of the recovery that is gradually gaining traction - empirical evidence shows that inflation above 6 per cent in India is unambiguously harmful for growth.

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What transpired at RBI's MPC meet held to discuss inflation mandate failure?

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