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Targeting food inflation with rates is ‘flawed theory’: Piyush Goyal

IndiaTimes Thursday, 14 November 2024 ()
Commerce Minister Piyush Goyal called on the Reserve Bank of India to reduce interest rates. Goyal argued that using interest rates to control food price inflation was ineffective. RBI Governor Shaktikanta Das cautioned against assuming a rate cut. Das highlighted the risks of inflation increasing and economic growth slowing down.
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