RBI maintains steady monetary policy for price stability amidst global uncertainties.

RBI maintains steady monetary policy with focus on price stability and financial regulation amidst global uncertainties, citing favorable growth data. Despite forecasting Q1 inflation at 4.4%, Governor Shaktikanta Das remains cautious, emphasizing the importance of maintaining price stability for sustainable economic growth. India's strong growth story allows the central bank to prioritize inflation, while ensuring financial stability through prudential regulation, particularly in the banking sector.

August 08, 2024
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