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Interest rates to remain high, vigilant on inflation: RBI governor
The Reserve Bank of India (RBI) governor, Shaktikanta Das, announced that interest rates will remain high and the central bank is focused on monitoring inflation dynamics to ensure a sustained decrease in price pressures. Das stated that India's macroeconomic fundamentals are strong and the country is well-positioned in uncertain times. He also highlighted that retail inflation has decreased to 5% in September 2023, but cautioned about uncertainties in food inflation.
The Reserve Bank of India (RBI) governor, Shaktikanta Das, announced that interest rates will remain high and the central bank is focused on monitoring inflation dynamics to ensure a sustained decrease in price pressures. Das stated that India's macroeconomic fundamentals are strong and the country is well-positioned in uncertain times. He also highlighted that retail inflation has decreased to 5% in September 2023, but cautioned about uncertainties in food inflation. 
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