RBI GRIPS RATES FOR THIRD TIME BUT DAS WARNS OF INFLATION RISKS
The Business Guardian|August 12, 2023
RBI’s concern over rising vegetable prices, particularly the impact of factors like tomatoes, prompted the central bank to stress the importance of aligning inflation with the 4% target
RBI GRIPS RATES FOR THIRD TIME BUT DAS WARNS OF INFLATION RISKS

RBI Governor Shaktikanta Das, during the announcement of the monetary policy committee’s decision to maintain the repo rate at 6.5% for the third consecutive meeting, conveyed the central bank’s stance on inflation and its measures to address economic challenges. In light of uncertainties surrounding domestic food prices, the RBI raised its inflation projection for the current fiscal year from 5.1% to 5.4%. Despite this, the growth forecast for the fiscal year remains at 6.5%, indicating the RBI’s confidence in the overall economic trajectory.

This story is from the August 12, 2023 edition of The Business Guardian.

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This story is from the August 12, 2023 edition of The Business Guardian.

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