Inflation Biggest Challenge but RBI Taking Steps to Deal With It, Says Shaktikanta Das
News 18Inflation has become the biggest challenge for several countries and the Reserve Bank of India is taking steps to effectively deal with it, the central bank’s governor Shaktikanta Das has said. In an interview, the RBI chief said that the bank had been taking measures to rebalance liquidity through VRRRs, roll back the expansion of our balance sheet and the liquidity infusion related to the pandemic before it increased repo rates during an off cycle MPC meet in May to address rising inflation. From April onwards we have been taking rate actions to effectively deal with rising inflation,” Das said in an interview with the Times of India. Shaktikanta Das also said that India’s retail inflation will remain over 6 per cent until December and then come down.