NIFTY 5022,684.10 0.42%
SENSEX74,652.31 0.38%
BANKNIFTY48,901.20 0.15%
INDIA VIX13.12 2.30%
GOLD MCX73,210 0.61%
SILVER MCX84,490 0.92%
BRENT$87.21 0.48%
USD/INR83.45 0.07%
NIFTY 5022,684.10 0.42%
SENSEX74,652.31 0.38%
BANKNIFTY48,901.20 0.15%
INDIA VIX13.12 2.30%
GOLD MCX73,210 0.61%
SILVER MCX84,490 0.92%
BRENT$87.21 0.48%
USD/INR83.45 0.07%
RBI headquarters, Mint Road. The MPC's reaction function has shifted.

RBI headquarters, Mint Road. The MPC's reaction function has shifted.

Photo · Business Index

Opinion·The Contradiction

The RBI is not the Fed — and that's the point

The Business Index Desk·Apr 21, 2026·5 min read

The Monetary Policy Committee under the new Governor has signalled a clearer separation of growth and inflation mandates. The bond market has been slow to update.

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