RBI Governor acknowledges India’s economic resilience, hints at possible rate cuts in December.

Reserve Bank of India (RBI) Governor Shaktikanta Das noted that India's economy is performing well despite global challenges, thanks to a stable financial system and robust macroeconomic fundamentals. Das highlighted the RBI's efforts in maintaining financial stability and managing inflation, which is expected to moderate. He reserved comments on potential interest rate cuts, to be discussed at the December monetary policy meeting. Commerce Minister Piyush Goyal urged the RBI to consider a rate cut, noting that the average inflation under the Modi government has been the lowest since independence.

November 14, 2024
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