Transmission rates improving, inflation spike factored in: RBI Governor

Transmission rates improving, inflation spike factored in: RBI Governor

Investment Guru India

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the transmission of rate cuts was gradually and steadily improving and allayed any fears on the latest inflation spike to 7.59 per cent saying these numbers broadly align with RBI's own projections.

Addressing media after meeting with the Union Finance Minister on the customary post Budget discussion over proposals, Das said the RBI is sticking to the 6 per cent growth estimates for FY 21.

He said that the Budget proposals were not inflationary and the drop in crude prices should check the inflation in near future.

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