El Nino a challenge; RBI striving for 4% CPI: Shaktikanta Das
‘Although there is an expectation of a normal monsoon, there are concerns around El Nino. We will have to see how serious it is. Other challenges are primarily weather-related events, which can have an impact on food inflation,’ Das said, adding that we will have to grapple with these uncertainties.
Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank will strive to get headline inflation under the 4 per cent target but flagged El Nino as a challenge to curb food inflation, in an interview to PTI Bhasha. "We continue to be watchful on the inflation front. We expect inflation to be at 5.1 per cent in FY24, and we will continue to strive and get it down to 4 per cent," said Das.