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RBI MPC Meet: Committed to bring inflation back to target of 4% on a durable basis, says RBI governor

By Business Today - 4 months ago
The decision was announced by RBI Governor Shaktikanta Das after the Monetary Policy Committee (MPC) meeting held from June 5 to 7. Deflation in fuel prices is ongoing, food inflation remains elevated, said Das.
Read more at: Business Today

Topics:

RBI Governor Shaktikanta Das RBI inflation target India inflation CPI inflation projection RBI Consumer Price Index FY25 RBI Monetary Policy Committee food inflation India deflation in fuel prices private consumption India urban discretionary spending investment activity India vegetable prices India LPG price cuts global food prices trend domestic economic activity headline CPI disinflation Q1 FY23 to Q4 FY24 inflation supply-side developments India government measures inflation pulses and vegetables inflation summer uptick in vegetable prices fuel deflation LPG core inflation India services inflation India goods inflation India south-west monsoon impact kharif production India water storage reservoirs India wheat procurement India buffer stocks wheat and rice crude oil prices outlook CPI inflation 2024-25 food price outlook uncertainty headline inflation correction

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