RBI keeping close vigil on inflation: Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das stated that while core inflation in India remains elevated, the prices of vegetables could start to decrease next month as fresh crops arrive. This could potentially lead to a slowdown in vegetable inflation from September. Das also mentioned that the steady easing of core inflation indicates that the tight monetary policy is working. The Monetary Policy Committee has decided to hold rates and maintain its focus on withdrawing accommodation.