RBI correct in pausing rate hikes; impact of past hikes is still to flow through: Sanjeev Sanyal

Sanjeev Sanyal, a member of PM EAC, believes that there is no galloping inflation in the system, and there are pressures, a lot of which are imported from oil prices. He thinks that the Reserve Bank of India (RBI) correctly paused the rate hikes and there is a case for holding horses and letting the old hikes speed through as the WPI has come down significantly.