Inflation range of 2-6% is appropriate for monetary policy: RBI report

Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank

Ahead of the review of the inflation target in March, the Reserve Bank of India (RBI) on Friday released the Report on Currency and Finance 2020-21, which suggested that the current mandate of 2-6 per cent inflation target for the monetary policy was appropriate and should continue for the next five years.  

The RBI moved to an inflation-targeting framework in 2016. Since then, the six-member Monetary Policy Committee (MPC) has met 22 times, and the target has served the country well in anchoring inflation, argues the report.  

Even as the foreword of the report has been written by RBI Governor Shaktikanta Das,