Inflation India: RBI has been playing like Sunil Gavaskar, steadily & silently: Governor Shaktikanta Das

The Reserve Bank of India has been acting steadily and silently, said Governor Shaktikanta Das in an interview with ETNow while drawing a comparison with cricketing legend Sunil Gavaskar.

“RBI has been acting steadily, in cricketing analogy, we have silently played like Sunil Gavaskar when actions were not visible at first,” he told Nikunj Dalmia, Managing Editor, ETNow.

Das said that inflation is getting increasingly anchored. “Inflation has moderated from the peak. Bond yields at the long end are reflecting the anchoring of inflation. Softening of crude and commodity prices are also supportive,” he said. Inflation has peaked and is expected to moderate, Das added.

The aim is now to bring down the inflation to below 6% and then the target towards 4%, he said. Das argued that several factors contribute to inflation, including the spillovers globally from areas like the Europe and USA.

However, he claimed that the RBI’s policy actions are primarily influenced by the domestic situation. “Our focus has been to maintain financial stability. We are nimble as we are living a very dynamic world,” he said.