Why the RBI monetary policy has become useless

Why the RBI monetary policy has become useless.

As RBI has cut repo rate, the bank lending rates have gone up.

The non-food credit has collapsed since April 2019. https://t.co/gycFcX61RV

My piece @newslaundry

— शिक्षित बेरोज़गार (@kaul_vivek) October 8, 2019