Piyush Goyal wants RBI to cut rates, questions food inflation-driven policy

Quick Summary:

RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023.

In its latest review, the committee opted to maintain this rate while shifting its stance to "neutral.

October’s retail inflation overshot this range, with food inflation climbing to 10.87 per cent from 9.24 per cent in September.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Food inflation policy Retail inflation October Piyush Goyal RBI Shaktikanta Das rate cut India economic fundamentals MPC meeting December Inflation India RBI repo rate 6.5 FII withdrawals India RBI interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:12:48 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23581247

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