Stock market live updates: Tokyo stocks open higher – The Times of India

Staying accommodative is the right approach, says Prasenjit K Basu, chief economist at ICICI Securities”The MPC sensibly decided to keep monetary policy accommodative despite inflation being marginally above its tolerance band. Two good reasons justify the policy: (a) inflation is high partly because of (external) supply shocks, so reducing aggregate demand (through monetary tightening) will…