Acharya's wish: RBI needs to deliver 4% retail inflation year after year

Reminds analysts, bond markets that inflation target is 4% and not 6%

As the retail price inflation surges past seven per cent in July and is expected to remain elevated for at least one more month, advice from former Reserve Bank of India (RBI) deputy governor Viral Acharya holds relevance.

He says the RBI needs to deliver inflation prints around the mandated target of four per cent for several years to ensure domestic and external financial stability.

"It would be good for India, its common man, and its domestic and external financial stability, if the Reserve Bank were to revert credibly and soon, to delivering realised inflation prints that average around the mandated target