New Delhi: Reserve Bank Governor Shaktikanta Das has said that despite uncertainties at the global level, the Indian economy and financial sector remain strong and combative. He said that the Monetary Policy Committee has kept the key policy rate repo rate unchanged at 6.5 percent.
The Monetary Policy Committee will focus on rolling back the accommodative policy stance.
Due to the geopolitical situation, the pace of global economic activity will decrease. It is very important to keep a constant and close watch on the inflation situation.
He said core inflation is above the target of 4 per cent. It is expected to be above the target throughout the year. MPC will continue to take prompt and appropriate policy action to keep inflation within the prescribed range.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) met in Mumbai on Tuesday. Speaking to the media after the meeting, RBI Governor Shaktikanta Das said that the Indian economy and financial sector are very strong.
Despite the uncertainty at the global level, the Indian economy is in a strong position. Inflation has come down.