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

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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaFinlandIsrael

Topics: Inflation October 2023 Interest rates RBI Business news RBI monetary policy CPI inflation Economic growth India Commodity prices inflation RBI Shaktikanta Das

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:34:08 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23454570

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 20 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions