RBI raised rates at right time, says Das

Inflation Target Was Missed But Policy Tightening Earlier Would Have Been Costly For Economy: Guv

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Mumbai: Reserve Bank of India governor Shaktikanta Das said that the economy would have suffered had the central bank tightened monetary policy earlier than it did. The governor said that India's monetary policy framework provides flexibility to ensure that economic resilience and financial stability with a clear objective that when situation stabilises inflation will be brought within target.