India's Central Bank Governor assures no imminent rate cuts despite rising inflation concerns.

India's Central Bank Governor, Shaktikanta Das, emphasized that a recent shift to a neutral monetary policy does not imply an imminent interest rate cut. He highlighted ongoing inflation concerns, which rose from 3.65% to 5.49% due to higher food prices. Das stated that any rate reduction would only be considered once inflation sustainably reaches the RBI's target of 4%. He remains confident in the resilience of India’s economy amid global uncertainties.

November 06, 2024
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