New Delhi, Oct. 1 -- In a strongly worded critique, TV Mohandas Pai, former Infosys CFO, expressed deep concern over the Reserve Bank of India's (RBI) recent monetary policy decision to keep the key repo rate unchanged despite clear signs of easing inflation.

According to Pai, the monetary policy committee's (MPC) decision to keep repo rates high is not just economically unjustified but could also push India further toward becoming a "rent-seeking economy".

Pai took to the social media platform X on Wednesday to express his disappointment with the RBI MPC outcome to hold repo rate unchanged at 5.5% while lowering the inflation forecast. The six-member rate-setting panel voted unanimously to keep the key repo rate unchanged and decided t...