Indian consumer prices continue to remain “unacceptably and uncomfortably” high after hitting a recent peak in April, said members of the central bank’s monetary policy committee (MPC), which differed on the future trajectory on the cost of funds and terminal policy rates while unanimously acknowledging potential external risks to inflation.

The Reserve Bank of India (RBI) on Friday said that it is not opposed to bank privatisation and that arguments proposing a gradual divestment of state equity in government lenders, published a day earlier in a paper by its researchers, do not reflect its stand.

Pakistan may have been part of an air route used by the West recently to supply arms to Ukraine in its war against Russia, ET has learnt.

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