Try GOLD - Free
RATE CUT WILL BE PREMATURE NOW: RBI
The Business Guardian
|October 20, 2024
The Reserve Bank of India's (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be 'premature, and very, very risky'.
-
Speaking at the fireside chat at the India Credit Forum event in Mumbai by Bloomberg, Governor Das warned against any premature interest rate cuts when inflation risk is still there. RBI still maintains a growth forecast of 7.2 per cent for FY25 and expecting the inflation to moderate by November.
"We are not behind the curve. Indian growth story remains intact. India is poised to grow at 7.2 per cent. Growth is steady and resilient, inflation is moderating with certain risk, so a rate cut at this point will be premature and very, very risky," Das said While inflation is expected to moderate, Governor Das also said that there are 'significant risks' to the growth outlook.
This story is from the October 20, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
ASIAN FOOTWEARS PARTNERS WITH BIGG BOSS
NEW DELHI: Asian Footwears, one of India's fastest-growing homegrown footwear brands, has announced its association partnership with JioStar's Bigg Boss Hindi Season 19 as an Associate Sponsor on JioStar.
1 min
November 16, 2025
The Business Guardian
Govt invests Rs 257 cr in startups via EDF
The central government has so far supported as many as 128 startups nationwide with an investment of Rs 25777 crore under the Electronics Development Fund (EDF).
1 min
November 16, 2025
The Business Guardian
EXTRAMILE PLAY RAISES USD 500K
NEW DELHI: ExtraMile Play, a gamified employee engagement platform, has raised approximately $500,000 in seed funding to accelerate product innovation to strengthen its technology capabilities, and expand into new geographies and enterprise segments.
1 min
November 16, 2025
The Business Guardian
Disney reaches new deal with YouTube TV
Disney and YouTube TV reached a new deal to bring channels like ABC and ESPN back to the Google-owned livestreaming platform Friday, ending a blackout for customers that dragged on for over two weeks.
2 mins
November 16, 2025
The Business Guardian
HOW THE DPDP RULES 2025 BRING ORDER TO ONLINE INDIA
In the world of technology, the internet and digital devices surrounding us, handing over our data has often felt a bit like throwing a message in a bottle into the Samudra.
3 mins
November 16, 2025
The Business Guardian
Retail inflation likely to stay negative excluding gold
The retail inflation excluding gold is expected to remain negative over the next two months, according to a report by SBI Research, highlighting an unusually low-inflation environment in India.
1 mins
November 16, 2025
The Business Guardian
Goyal expresses optimism on India-Canada FTA
Union Commerce and Industry Minister Piyush Goyal said that India and Canada have held two rounds for the resumption of Free Trade Agreement negotiations, adding that \"all possibilities are on the table.\"
1 mins
November 16, 2025
The Business Guardian
WALMART CEO TO RETIRE AFTER A DECADE
CEO Doug MeMillon will retire next year after more than a decade at the helm, capping a period when he reshaped the big-box retailer into a technology-driven powerhouse whose shares have consistently outperformed the broader market.
1 mins
November 16, 2025
The Business Guardian
'With 1,700 aircraft pending orders, India will need 30,000 more pilots'
India will need an additional 30,000 pilots once the pending orders for 1,700 aircraft from the Indian carriers are delivered, Union Civil Aviation Minister K Ram Mohan Naidu said on Saturday.
1 min
November 16, 2025
The Business Guardian
India's gems and jewellery trade slumps in October
India’s gems and jewellery trade witnessed a sharp contraction in October 2025, as exports and imports declined across major segments due to subdued global demand, high interest rates, supply chain disruptions, and the impact of steep US tariffs, as per the data released by the Gems and Jewellery Export Promotion Council (GJEPC).
1 mins
November 16, 2025
Listen
Translate
Change font size