RBI MPC minutes: Inflation remains elevated and clouded by volatile food prices, Guv Shaktikanta Das

Even as the Reserve Bank of India’s rate-setting panel voted to keep the rates unchanged in its December meeting, Governor Shaktikanta Das held reservations about inflation, which has receded from highs, but remains volatile. “The overall inflation outlook is expected to be clouded by volatile and uncertain food prices and intermittent weather shocks. In the immediate months of November and December, a resurgence of vegetable price inflation is likely to push up food and headline inflation,” Das said.