Food Inflation Can Hurt Economic Growth: RBI

Published On: August 08, 2024 - The Reserve Bank of India is holding its ground on inflation, keeping the policy rate unchanged for the ninth consecutive time. Why? Because food inflation is proving to be a stubborn adversary. Despite these challenges, the RBI maintains its inflation forecast for the current fiscal year at 4.5%. Governor Shaktikanta Das emphasized the need for vigilance to prevent the persistent food inflation from spilling over and undoing the hard-earned credibility of the monetary policy.