RBI Governor Asserts Stability Amid High Interest Rates

Reserve Bank Governor Shaktikanta Das stated that current high interest rates are not hindering economic growth, which remains robust. The RBI opted to maintain its policy rate for the tenth time, signaling a potential future change to a 'neutral' stance, possibly affecting deposit rates.

On Wednesday, Reserve Bank Governor Shaktikanta Das reassured that elevated interest rates are not encumbering economic growth, which persists strongly.

Speaking in a media interaction, Das highlighted that despite high rates persisting for over a year and a half, India's growth remains resolute, with tangible investment plans.

Although the RBI maintained its policy rate for the tenth time, it switched to a 'neutral' stance, hinting at potential rate cuts, a move eagerly anticipated by many in the economic sector.

(With inputs from agencies.)