India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents a picture of stability and strength and that the balance between inflation and growth is well-poised.

India cannot risk another bout of inflation and the best approach currently would be to remain flexible and wait for inflation to durably align with the central bank's target, opined Reserve Bank Gove

Mumbai: India cannot risk another bout of inflation and the best approach at this stage would be to remain flexible and wait for more evidence of inflation aligning durably with the target said

The MPC decided to maintain the benchmark interest rate at 6.5 percent, marking the tenth consecutive meeting where the policy rate remained unchanged, with a majority vote of 5-1.

RBI Governor Das reiterated his stance that rate cuts could be premature and said at this stage of the economic cycle, the best approach now would be to remain flexible and wait for more evidence of inflation aligning durably with the target.