Inflation to be higher in Oct, eco giving mixed signals: Shaktikanta Das

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Times of India 2w ago

Inflation to be higher in Oct, eco giving mixed signals: Shaktikanta Das - Times of India

Quick Summary:

RBI Governor Shaktikanta Das warns of escalating inflation, projecting October figures to surpass September's 5.49%.

Despite mixed economic data, Das maintains a cautious stance on rate cuts, emphasizing a need for sustained observation amidst global uncertainties and commodity price fluctuations.

What is necessary is that the banks themselves need to also look at the end use of the unsecured loans they are extending," said Das.