No sign of liquidity overhang, inflation should moderate ahead: RBI Guv

RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability

The Reserve Bank of India (RBI) does not see a possibility of a sustained rise in inflation above 6 per cent, and there is no evidence to suggest that the liquidity overhang in the system has fed into generalised inflation, Governor Shaktikanta Das on Thursday said.

The RBI Governor also said the central bank has “serious and major concerns” about private cryptocurrencies.

“We have serious concerns, major concerns from the point of view of financial stability. I think we need more credible answers as to what contribution private cryptocurrencies will make to the Indian economy going forward. We need to