Rate cut at this stage will be premature and very risky: RBI Governor Das

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And if we decide to join the party, we would like to join it on a durable basis."We do watch what other systemic banks are doing, particularly the Fed, because it impacts almost every economy in the world.

We cannot have a repeat of that situation," Das said, adding that India is growing and we cannot always depend on global safety nets."In today's world, I think each country has to build up its own safety net.

Additionally, RBI's action will depend on the inflation outlook as policy has to be forward-looking."So, we have to see what is the outlook on inflation in the next six months or one year...based on that we would take action," he said.

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Category: BusinessFinance

Markets: IndiaChinaJapanSwitzerland

Topics: Interest rate cut RBI RBI interest rate cut Shaktikanta Das

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 17:48:55 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1072 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23119457

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