Reserve Bank of India (RBI) Governor Shaktikanta Das Thursday said India remains vulnerable to recurring and overlapping food price shocks and that monetary policy continues to focus on aligning inflation to the 4 per cent target.
The RBI’s Monetary Policy Committee (MPC), in its October meeting, projected consumer price index-based (CPI) inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23.
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