RBI grappling with inflation: Acharya

He said capacity utilisation in many sectors was very low, with a depressing impact on economy

A day after the finance ministry cast doubt on the Reserve Bank of India’s (RBI’s) inflation forecasts, Deputy Governor Viral Acharya on Thursday said price rise data posed a challenge and the central bank was “grappling” with it.
 
Acharya also said capacity utilisation in many of the sectors was very low, with a depressing impact on economic activities.
 
Speaking at an event organised by ICRIER here, the deputy governor said data were the challenge one was facing on important parts of inflation that were behaving other than they had historically (in times of instability). “And let me just