Reserve Bank of India Governor Shaktikanta Das on Tuesday ruled out any possibility of a reduction in the policy repo rate due to fall in headline inflation below the target in July, as it was mainly due to the effect of a higher statistical base.
In an interview with television channel NDTV Profit, Das said it would be a mistake to react to a one-off event and RBI needs to wait for inflation to fall to the target of 4 per cent, on a durable basis.
"We are saying durable alignment of inflation to the target.
Bu hikaye Business Standard dergisinin August 21, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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