Heatwave | To keep close watch on vegetable prices amid IMD s prediction of high temperature condition, says Reserve Bank Governor Shaktikanta Das telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
All six members of the Reserve Bank of India s (RBI s) monetary policy committee (MPC) expressed caution over food inflation during the December review, while two external members warned about high real interest rates as headline inflation approaches its target of 4 per cent.
The central bank continued to maintain the status quo on both the repo rate and the stance in the December monetary policy.
India s retail inflation in November rose to 5.5 per cent - its fastest pace in three months - due to higher food prices.
Deputy Governor Jain was looking after departments of Co-ordination, Central Security Cell, Consumer Education and Protection Department, Department of Supervision, Financial Inclusion and Development Department, and Human Resource Management.