RBI Governor Shaktikanta Das warns against cutting interest rates due to high inflation.

RBI Governor Shaktikanta Das cautions that cutting interest rates now would be "very, very risky" due to ongoing high inflation, currently at 5.2%. He emphasizes the need for vigilance regarding price pressures while maintaining a growth forecast of 7.2% for FY25. The RBI will monitor data over the next six months before making any policy changes, with the next monetary policy announcement scheduled for December 6.

October 18, 2024
27 Articles