Govt couldn’t have done much about energy inflation but RBI has been late to catch on: Mythili Bhusnurmath
“The high price of oil and the rupee weakness adds to the imported inflation. So as far as energy prices are concerned, the government has cut back on its excise taxes but that does not really help very much. What could have helped and of course now we are speaking after the event was having the monetary policy being tightened a little bit in advance.”