RBI Governor Shaktikanta Das also stressed on the need to remain vigilant on food prices, given the forecast of higher temperatures between April-June. He also said that the impact of reduction in fuel prices on inflation will deepen in the coming months.
Raising concerns over the impact of the reduction in fuel prices on inflation, the RBI governor said the “Two months ago the elephant in the room was inflation, and that elephant has now gone for a walk in the forest and we hope it remains there.”
India Business News: Now you can deposit cash at Cash Deposit machines using your UPI! RBI governor Shaktikanta Das made this announcement as a part of the RBI Monetary Po
RBI MPC meet: Governor Das announced the use of third party UPI apps for payments through PPI wallets, which he said, would enhance customer convenience and boost adoption of digital payments.