"Monetary Policy On Right Track": RBI After Retail Inflation Falls To 4.7%

Reserve Bank of India Governor Shaktikanta Das said the release of the official data on Friday gives confidence that the "monetary policy is on the right track"

Reserve Bank of India Governor Shaktikanta Das on Friday said the cooling off in headline inflation to 4.7 per cent during April is "very satisfying".

The governor said the release of the official data on Friday gives confidence that the "monetary policy is on the right track".

He, however, declined to comment if the release of the numbers will lead the RBI to be less hawkish or change the stance of the policy, quipping that all of it will be clear on the morning of June 8, when the next policy review is scheduled.

Speaking at the book launch of G-20 Sherpa Amitabh Kant's book 'Made in India', Das said the RBI is "quite optimistic and fairly confident" about the country's 6.5 per cent real GDP growth rate in FY24 even though other analysts are not so sanguine.