Stock Groups

central bank chief -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Governor Shaktikanta Das, Reserve Bank of India (RBI), greets media at an event following a review of India’s monetary policy in Mumbai on February 6, 2020. REUTERS/Francis Mascarenhas

NEW DELHI, (Reuters) – India’s January inflation rates are likely to approach the target range of 6%. However, this should not cause panic according to Shaktikanta Das, chief of central bank.

Das spoke out after meeting with the finance minister of the country and members of the board at the central bank in an usual post-budget meeting.

India’s retail inflation rose to 6.0% in January due to rising consumer and telecom costs, as well a relatively low rate a few years ago, a Reuters poll showed.

Das stated that India’s Reserve Bank of India has been working to develop a borrowing plan for the next fiscal, and the inclusion of India in the global bond indexes continues to be a work in progress.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]