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India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said

Parameswaran Iyer
NITI Ayog CEO Parameswaran Iyer
BS Web Team New Delhi
3 min read Last Updated : Jun 24 2022 | 5:57 PM IST
Inflation will return to the Reserve Bank of India’s mid-point target in two years, a senior central banker said, with policy actions aimed at cooling price pressures set to take a toll on the economy. More on that story and other headlines.

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Inflation likely to exceed top of RBI band until December: Shaktikanta Das
 
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on Friday. "We are well on track to bring down inflation and inflation expectations. Until December, CPI is expected to remain higher than the upper tolerance level. Thereafter, it is expected to go below 6% as per our current projections," Das said. Read more

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Topics :InflationAgnipath entry schemeRBINITI Aayog CEOToyota SuzukiIndiaShaktikanta DasMichael PatraIndian RailwaysRussia Ukraine Conflict