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RBI Governor downplays inflation risk

Patel recent meeting with the economists suggests his only focus is growth

Policy Pulse
Publish Date: Sep 26 2016 9:06AM | Updated Date: Sep 26 2016 9:06AM

RBI Governor downplays inflation risk

Governor of Reserve Bank, Urjit Patel held his first interaction with economists and has downplayed the risk of inflation and kept his focus on growth. 

 

Governor refrained from making any statement since taking over on September 5, had exchanged his views with half-a-dozen senior economists last week. 

 

Such talks in the past happened between the Reserve Bank governor and economists, usually weeks before any monetary policy announcements.

 

The latest meeting gives a glimpse of governor's mind. Patel's conversation, on certain matters, has sent across a strong signal that governor to think nothing but growth.