Growth slowdown not just due to repo rate: Das

On his successor, Das said Sanjay Malhotra has a very wide experience and will do the best for the institution.

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The growth slowdown is due to a multiplicity of factors, and not due to the Reserve Bank's repo rate, outgoing Governor Shaktikanta Das said on Tuesday.

Addressing a press conference on his last day at work, Das said restoring the growth-inflation balance is the most important task ahead for the Reserve Bank of India (RBI).

The six years during which Das was the RBI governor included the Covid period and major geopolitical upheavals like the wars in Ukraine and the Middle East.

The RBI has chosen to maintain interest rates at elevated levels for nearly two years, with the Das-headed Monetary Policy Committee (MPC) opting for a status quo at 11 consecutive meetings.