On September 5, Indian RBI governor Shaktikanta Das says the policies will remain watchfully calibrated going forward. The RBI remains committed to supporting the market with two-way operations as warranted.

Fixed Income Money Marker and Derivatives Association of India (FIMMDA) mentions, “ The RBI remains committed to supporting the market with two-way operations as warranted in line with provides liquidity management framework.”  Further mentions, “We also strive to ensure stable money market conditions, the smooth conduct of primary auctions in G-secs (government securities) and facilitate the orderly evolution to increase curve.”

Retail inflation measured has a medium-term target of 4% for 34 consecutive months and 7 months straight months outside the central bank’s 2-6% tolerance range. Consumer Price Index (CPI) reduced to 6.71% in July. The average range is considered of 2-6% tolerance range for 3 consecutive quarters.