Rate decision to depend on future trajectory of inflation: RBI Governor Das

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Rate decision to depend on future trajectory of inflation: RBI Governor Das - Business Standard

Quick Summary:

He said that with such high uncertainty, diverging monetary policies and growth scenarios across countries further complicate the picture.

The second thing is, today India is attracting a lot of foreign inflows, especially after the bond index, inclusion of India in the bond indices and India turning out to be a very sound and safe investment destination,” he said.

On the RBI’s active intervention in the foreign exchange market, governor Das said that the RBI's stated objective is to minimise excessive volatility in the rupee as such volatility does not benefit the economy.