Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said until the 4 per cent inflation target is achieved on a durable basis, it would be premature to talk about cuts in the repo rate – the key policy rate.
In an interview to Bloomberg in Davos, Das said consumer price index (CPI) inflation has moderated from a peak of 7.8 per cent immediately after the onset of the Ukraine-Russia war and has come within the RBI’s target range of 2-6 per cent.
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