Price stability top priority for South Asia: RBI governor Shaktikanta Das

'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das

Consistently high inflation may pose risks to economic growth and it is, therefore, important for South Asian countries to work towards price stability, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday.

Das also said the government and the RBI were in discussion with South Asian countries to have cross-border trade in rupee. He also said the central bank digital currency was in the trial phase and the RBI was moving very carefully and cautiously on its launch, PTI reported.

“While the recent softening of commodity prices and supply-side bottlenecks should help in lowering inflation going ahead, risks to growth