RBI Monetary Policy Highlights: From Currency Derivatives To Food Inflation And More

Transition over a period of time is going on, and we feel as mobilising of deposits at a high and higher rate, transition will continue, said Deputy Governor Michael Patra.

Challenges in the form of food inflation volatility, geo-political tensions and disruption in supply channels, said Siddarth Bhamre, Head of Institutional Research, Asit C Mehta Investment Interrmediates.

"Global factors are weighing high on governor's mind. In advanced economies, inflation remains sticky because of tight labour markets. Significantly higher Debt to GDP ratio may pose financial threat in adverse situations," he said.

Having the tag of Small Finance Bank is part of the differentiation, said Deputy Governor Rajeswar Rao. See no need to review the necessity of the 'small finance bank' tag, he said

RBI Governor Shaktikanta Das said that he can’t give forward guidance on future rate action, in response to a question from NDTV Profit's Vishwanath Nair.

Our monetary policy is primarily guided by domestic conditions, he said. We do not follow the footsteps of the U.S. Fed, he further added.

Primary objective is to align inflation with the target, said Deputy Governor Michael Patra.

Real rates matter, but the primary objective of monetary policy is inflation targeting, he said