India cenbank governor says inflation fall 'gives comfort' on monetary policy path

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 12 (Reuters) - A fall in retail inflation in April to an 18-month low of 4.7% gives comfort that India's monetary policy is on the right track, central bank governor Shaktikanta Das said at an event in Mumbai on Friday. India's Monetary Policy Committee kept interest rates unchanged in a surprise move in April. (Reporting by Siddhi Nayak; writing by Ira Dugal)

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