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Considering food inflation to decide interest rate is flawed theory: Piyush Goyal
short by Ashley Paul / on Friday, 15 November, 2024
Commerce Minister Piyush Goyal, while speaking to CNBC-TV18 at an event, said it's a "flawed theory" for RBI to consider food inflation while deciding interest rate structure. "Food inflation has nothing to do with managing inflation. It's a demand-supply situation," Goyal said. Reacting to Goyal's comment, RBI Governor Shaktikanta Das said he'd reserve his comments for the upcoming MPC meeting.
read more at CNBC-TV18