Union Commerce Minister Piyush Goyal urged the Reserve Bank of India (RBI) to cut interest rates, arguing that food inflation shouldn’t drive this decision. He clarified that this was his personal view, not the government's stance. Goyal expects inflation to drop by December, noting that the Modi government has maintained historically low inflation levels. Addressing recent foreign investor exits, he advised a long-term investment perspective. India’s retail inflation rose to a 14-month high of 6.21% in October, exceeding RBI’s 2%-6% target. The RBI, cautious about inflation risks, recently kept its repo rate at 6.5%, citing potential economic risks.
first published: Nov 14, 2024 12:13 pm
A collection of the most-viewed Moneycontrol videos.
Nifty Slips Over 150 Points From Day's High But Gains For 6th Day| IT Stocks Surge|Closing Bell Live
Jigar Mistry flags potential risk to markets and what investors need to be cautious about
Will Nifty Clinch All-Time High As GIFT Nifty Signals Big Gap Up? HUL Q2 Today| Opening Bell Live
EU Ramps Up Ukraine Aid, Tomahawk Missiles as Trump-Putin Ceasefire Talks Risk Donbas Territory Loss
