Ukraine war may be at centre of RBI letter to govt

Governor Shaktikanta Das would not disclose the contents of the letter as the law mandates him only to write to the government. But the MPC’s assessment and conduct – and those of the governor – over the past nine months point to one event – the war in Ukraine. “February 24th completely changed the picture,” said Shaktikanta Das, referring to the day Russian tanks rolled into Ukraine.