Monetary policy ought to remain actively disinflationary: RBI Governor

Reserve Bank Governor Shaktikanta Das emphasized the need for an actively disinflationary monetary policy to ensure a smooth decline in inflation. He stated that price stability and financial stability go hand in hand and that the RBI is focused on managing both effectively. Retail inflation fell to a three-month low of 5.02% in September, within the RBI's comfort level. Das also highlighted the challenges of global inflation, slowing growth, and risks to financial stability. He expressed confidence in India's ability to maintain minimum capital requirements. https://ift.tt/JwcFDd2