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RBI's Das Stresses RBI Action is a Pause, Not Pivot

INDIA CENTRAL BANK
  • Following the RBI's unchanged rate decision, governor Das stresses that the RBI's actions are a pause in policy, not a pivot - with their aim remaining to align inflation to 4%.
  • Das admits that inflation is not slowing as fast as growth is nearing the RBI's aims, and wants inflation to align with 4% on a durable basis.
  • USD/INR deals in minor positive territory, but remains off the overnight best at 82.6188. Yesterday's lows of 82.4662 undercuts as initial support going forward.

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