India vulnerable to recurring, overlapping food price shocks, RBI chief says
MUMBAI, Nov 9 (Reuters) – India is vulnerable to “recurring and overlapping” food price shocks despite the recent moderation in inflation, the governor of the Reserve Bank of India (RBI) said on Thursday. “In these circumstances, monetary policy remains watchful and actively disinflationary to progressively align inflation to the target, while supporting growth,” Shaktikanta Das said in a speech delivered in Japan. India’s retail inflation eased to a three-month low of 5.02% in September on the back of softer vegetable prices, but remained above the RBI’s 4% target. The central bank, which has kept the key policy rate unchanged over