Inflation to remain higher than 6% until December: RBI governor
RBI governor Shaktikanta Das says the central bank expects inflation to go below 6% only in the fourth quarter.
RBI governor Shaktikanta Das says the central bank expects inflation to go below 6% only in the fourth quarter.
India's benchmark inflation rate, calculated by the Consumer Price Index (CPI), rose to a seven-month high of 6.01% in January 2022.
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The central bank, according to the policy statement, intends to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring inflation remains within target.
The RBI’s Monetary Policy Committee also retains GDP growth estimate at 7.4% for FY19.