Extreme weather, global factors raise risks of food inflation: Das

India is vulnerable to food-price shocks from extreme weather events and global factors despite a recent moderation in prices, the governor of the Reserve Bank of India (RBI), Shaktikanta Das, said on Wednesday.

- Zia Haq

"Momentous changes are taking place. Moderation in core inflation is noteworthy but the MPC (monetary policy committee) must be watchful and the stance must be disinflationary," Das said, speaking at a conference of bankers.

Headline inflation "is still vulnerable to food price shocks from extreme weather events", the central bank governor warned, stating that the RBI will continue to be vigilant against "sources" of inflation.