No change is expected in the inflation target band or monetary policy framework next year, the Reserve Bank of India (RBI) Governor Shaktikanta Das said in an interview with Economic Times on Monday. Key quotes “I am not aware of any such thinking to change the framework. It is cast in law. I think we should be able to deal with it within the existing framework.” “The law says at least once in five years the government will notify the inflation target. It doesn’t provide for a review of the framework. If you make the band too wide then it loses its meaning.” “We are very much aware that a premature withdrawal will be detrimental to growth.” “A delayed withdrawal will also have its own negative effects. We are fully aware and conscious of both ends of the situation. Therefore, we will have to take a balanced call and at the right time.” Indian stocks at record highs, INR advances Meanwhile, the Indian equity indexes joined the global market’s advance, as the vaccine and US fiscal stimulus optimism continue to boost the risk rally. Further, record inflows from foreign institutional investors (FIIs) and Burger King’s stellar IPO debut adding to the record surge in the S&P BSE Sensex Index, which hit record highs above 46K on Friday. The Indian rupee rises 0.24% against the US dollar to weekly highs of 73.45 amid the gains in equities and foreign fund influx. USD/INR Price News: Indian rupee bulls dominate inside five-week-old falling wedge FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The upsurge in Bitcoin adoption by institutions to keep demand high for years – JPMorgan FX Street 2 years No change is expected in the inflation target band or monetary policy framework next year, the Reserve Bank of India (RBI) Governor Shaktikanta Das said in an interview with Economic Times on Monday. Key quotes "I am not aware of any such thinking to change the framework. It is cast in law. I think we should be able to deal with it within the existing framework." "The law says at least once in five years the government will notify the inflation target. It doesn't provide for a review of the framework. If you make the band too wide then it… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
