Inflation numbers show monetary policy's on the right track: RBI Governor Shaktikanta Das
The recent drop in India's Consumer Price Index (CPI) indicates that the monetary policy is on the right path, according to Reserve Bank of India Governor Shaktikanta Das. The CPI inflation rate reached an 18-month low of 4.7% in April, down from 5.7% in the previous month. The central bank has raised the repo rate by 250 basis points since May 2022 to meet the 4% CPI target.
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