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Rate cut at this stage will be premature, risky: RBI Guv

The New Indian Express

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October 19, 2024

THE Reserve Bank Governor Shaktikanta Das, whose monetary policy committee has left the interest rates unchanged for the tenth time earlier this month, on Friday said a rate cut at this stage will be “premature, and very, very risky.

- BENN KOCHUVEEDAN

Rate cut at this stage will be premature, risky: RBI Guv

“We are not behind the curve. Our growth story remains intact. Our economy is poised to grow at 7.2% this fiscal. Growth is steady and resilient, inflation is moderating with certain risks, so a rate cut at this point will be premature and very, very risky,” Das said during the fireside chat at an event organised by the news agency Bloomberg here on Friday.

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