Monetary policy meeting: We are not behind the curve, says RBI

The rates - whether repo or reverse repo - present a particular stance. They are reflective of the stance adopted by the RBI, said RBI Governor Shaktikanta Das

After the monetary policy meeting, the top management of the Reserve Bank of India (RBI), which included Governor Shaktikanta Das and Deputy Governors Michael Patra, T Rabi Sankar, and Rajeshwar Rao, spoke to reporters on a range of issues. Edited Excerpts:

What is the reason behind not hiking the repo rate? Central banks all over the world are concerned about inflation. But the RBI seems comfortable as it has projected 4.5 per cent CPI (consumer price index) inflation for FY23. What gives you that comfort?

Das: The rates — whether repo or reverse repo — present a particular stance.  They are reflective