In an exclusive interview with Zee Business Managing Editor Anil Singhvi, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that inflation has peaked out in India. In current scenario, global factors are playing out more on inflation in India.
“It is a global phenomenon. Inflation has globalised. In India, it has peaked and will come down gradually over the time,” he said.
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On growth and inflation, the RBI Governor said tackling inflation is the priority of the top bank. At the same time, we will try to ensure it does not affect growth much, he said.
Shaktikanta Das said as far as India’s growth is concerned, I am very confident.
“We will keep monitoring it and take the necessary action as and when required,” he said.
He said slowing world economy will also impact the country, however, so far, we are progressing well on this front.
On guidance, he said it is easy to give guidance when you cut interest rates, but the situation is changing rapidly and hence it will be difficult to say anything on this topic.
He said we are performing well on the agriculture sector front, while India’s position on forex reserve is also strong.
Speaking on the devaluation of rupee, he said the Indian currency has fallen less in comparison to other currencies, while bank’s capital adequacy ratio has also improved