scorecardresearchNo need to change inflation target; October print to be lower than 7%: RBI Governor Shaktikanta Das

No need to change inflation target; October print to be lower than 7%: RBI Governor Shaktikanta Das

Updated: 13 Nov 2022, 09:41 AM IST
TL;DR.
RBI Governor Shaktikanta Das on Saturday said there was no need to change the inflation target despite the central bank's failure to keep it below the 6 per cent upper tolerance level for 9 consecutive months while exuding confidence that the October print will be less than 7 per cent.
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das addresses during the annual banking conference organised by Federation of Indian Chambers of Commerce & Industry (FICCI), in Mumbai, Wednesday, Nov. 2, 2022. (PTI Photo/Shashank Parade)(PTI11_02_2022_000074A)

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das addresses during the annual banking conference organised by Federation of Indian Chambers of Commerce & Industry (FICCI), in Mumbai, Wednesday, Nov. 2, 2022. (PTI Photo/Shashank Parade)(PTI11_02_2022_000074A)