Excise cut on fuels positive for inflation, says RBI Governor Shaktikanta Das

Mumbai, November 10

The recent decision of the Central government to cut the excise duty on diesel and petrol is significantly positive for inflation, RBI Governor Shaktikanta Das said on Wednesday.

GDP TO GROW BY 9.5%

I am confident our GDP will grow by 9.5% this fiscal because all growth impulses are very strong, and the fast-moving indicators are stronger. Shaktikanta Das, RBI Governor

He said food inflation is now under control, but core inflation continues to remain elevated. “That (excise duty cut on petrol and diesel) is significantly positive for inflation,” Das said. Inflation is mainly caused by supply-side factors, which have been addressed by the government, he said. — PTI

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