Reserve Bank of India governor Shaktikanta Das said monetary policy is mindful of the economy’s growth needs, signaling that tightening will be geared to ensure there isn’t a massive slowdown.
His comments in a fireside chat at the Singapore Indian Chamber of Commerce and Industry’s event in the city-state on Tuesday came as intensifying global price pressures and a weaker currency add to inflationary concerns and pressure on the Reserve Bank of India to tighten policy further.
