Interest rate will remain high for now: RBI Governor

12:00:00 AM, Saturday 21st of October 2023 | in business

At the Kautilya Economic Conclave 2023, Reserve Bank of India (RBI) Governor Shaktikanta Das announced that interest rates will stay high for now, without giving a specific timeline for a decrease. "Interest rate will remain high at the moment, (for) how long, only time will tell," Das said in response to a query. In his speech, Das also highlighted the complex nature of monetary policy and made it clear that there is no place for complacency.