RBI Governor Das denies immediate interest rate change amid recent Indian inflation decrease.

RBI Governor Shaktikanta Das stated there are no immediate plans to change interest rates amid recent inflation decreases in India, which is currently at 3.65%. He emphasized the need for caution and maintaining the target inflation rate of 4%. Economists predict potential rate cuts by the end of the year, possibly following the Federal Reserve's actions. Das also noted India's growth rate is around 7% and reiterated that the RBI intervenes only to manage excessive rupee volatility.

September 12, 2024
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