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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:12:48 (1 weeks 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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