This is warranted given the fast moderation in inflation falling to 5.3 per cent - within the RBI's target range of 4-6 per cent-in FY24, Dinesh said in his first press conference as the CII chief.
His recommendations come a week before the RBI's Monetary Policy Committee review meeting slated for June 6-8. Inflation in April had slipped to an 18-month low of 4.7 per cent, inching closer to the 4 per cent target.
This story is from the June 02, 2023 edition of Business Standard.
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This story is from the June 02, 2023 edition of Business Standard.
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