RBI governor Das flags growth slowdown, Viral Acharya advocates caution

The RBI governor advocated a 25 basis points cut, showed minutes of the MPC

RBI governor Shaktikanta Das

RBI Governor Shaktikanta Das | Photo: Kamlesh Pednekar

Anup Roy Mumbai
Reserve Bank of India (RBI) Governor Shaktikanta Das rooted for a rate cut citing falling growth and loss in investment traction, while his deputy Viral Acharya advocated caution citing rising oil prices and a risk of inflation spike as a result of fiscal assistance to alleviate rural distress, edited minutes of the monetary policy committee (MPC) showed on Thursday.

Acharya, who in the February policy had also advised a pause, said the central bank should be cautious as a deflation in food prices may have an attendant fiscal risk.

“Fiscal responses to deal with agrarian distress resulting from low food

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First Published: Apr 18 2019 | 10:41 PM IST

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