With the latest official data indicating a cooling off in the headline inflation to 4.7 per cent in April, RBI Governor Shaktikanta Das said that it proves the ‘monetary policy is on the right track, here on Friday.
Terming the official data as a very satisfying development, Das refused to comment if the release of the numbers would lead to change of the policy stance or the Reserve Bank of India (RBI) becoming less hawkish.
He preferred to say that all this would be clear on June 8 when the next policy review will come up.
Das was speaking at the launch of the book ‘Made In India’ by the G-20 Sherpa Amitabh Kant in Mumbai on Friday evening.
He said the RBI is optimistic and fairly confident over India’s 6.5 per cent real GDP growth rate though other analysts have differing views.