India's RBI won battle against inflation but war continues, central bank chief says

India's RBI won battle against inflation but war continues, central bank chief says

MUMBAI: The Reserve Bank of India (RBI) has "won the battle against inflation" but the war is ongoing as price stability remains the central goal, Governor Sanjay Malhotra said during a fireside chat at a Financial Express event on Friday. © New Straits Times Press (M) Bhd

RBI Governor Sanjay Malhotra Declares Inflation Battle Won, Focus Shifts to Growth Outlook

Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that the central bank has “won the battle against inflation,” though the broader war is still ongoing, with price stability remaining the primary objective. Speaking at a Financial Express event on Friday, Malhotra emphasized the importance of maintaining vigilance as monetary policy shifts its focus toward future growth and inflation projections, ahead of the next policy review on Augu…