Food inflation: RBI remains hawkish

Quick Summary:

Despite differing views from some external members, concerns about persistent food inflation and the need to anchor inflation expectations prevailed.

RBI's monetary policy committee, chaired by Shaktikanta Das, maintained a hawkish stance against interest rate cuts, diverging from the US Federal Reserve.

New external members joining the next meeting may influence future decisions.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaOman

Topics: Business news Monetary policy Inflation expectations RBI Food inflation Hawkish Interest rate cut

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 04:34:50 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22224159

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