Bumper kharif production to lower food inflation in coming months: FinMin

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Bumper kharif production to lower food inflation in coming months: FinMin - Business Standard

Quick Summary:

The monthly report highlighted that India's export recovery may encounter challenges due to softening demand in developed markets.

RBI Governor Shaktikanta Das, on the other hand, has maintained that there are significant risks to the inflation outlook and that any premature rate cut could upset the balance.

Finance Minister Nirmala Sitharaman last week called on banks to make interest rates more affordable, describing the current high cost of borrowing as “very stressful”.