Central Banks
RBI’s Das Says Stance Shift Doesn’t Mean Immediate Rate Cut
- Central bank governor reiterates concerns about inflation
- India’s economy resilient, can withstand global spillovers
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India’s central bank governor said an easing in the monetary policy stance doesn’t indicate an interest rate cut at the very next meeting, dashing hopes of a move in December.
There are “significant upside risk to inflation,” Reserve Bank of India Governor Shaktikanta Das said at a fireside chat hosted by Business Standard newspaper in Mumbai on Wednesday.