Reserve Bank of India Governor Shaktikanta Das stated at the World Economic Forum in Davos that India’s monetary policy should remain actively disinflationary despite a recent drop in core inflation. While acknowledging the decline in core inflation, Das emphasized the need to maintain a disinflationary stance until headline inflation consistently reaches the target of 4%. He noted the global geopolitical situation’s volatility and its potential impact on economies, particularly regarding food inflation. Das also highlighted the RBI’s intervention in the exchange rate market to prevent undue volatility, emphasizing the stability of the rupee.
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