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RBI Governor’s Outlook on Inflation and Rate Cuts
RBI Governor Shaktikanta Das has reiterated the importance of maintaining a steady monetary policy stance, despite the recent easing of inflation in India. Speaking at a forum organized by The Bretton Woods Committee in Singapore, Das emphasized that while inflation has fallen within the 2-6% target range, the Reserve Bank of India is still targeting a 4% inflation rate. He cautioned against prematurely loosening policy in response to temporary dips in inflation.
RBI Governor on India’s Growth Potential and Global Trends
Shaktikanta Das also noted that India, one of the world’s fastest-growing economies, could potentially grow at a rate above 7.5%. He advised global monetary authorities to remain agile, given the continued risks posed by inflation. Regarding India’s currency, Das clarified that the RBI only intervenes to curb volatility and does not set a fixed rate for the rupee..