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RBI working paper defends 4% inflation target for India The RBI paper, authored by Harendra Kumar Behera and Michael Debabrata Patra, finds that there is a steady decline in trend inflation to 4.1- 4.3 per cent since 2014 Chitranjan Kumar | December 28, 2020 | Updated 23:02 IST RBI paper recommended maintaining inflation target at 4 per cent Amid growing speculation that the government may ask the central bank to loosen the inflation target to help push economic growth, a Reserve Bank of India (RBI) working paper has recommended that maintaining the inflation target at 4 per cent is appropri...

Maintaining 4% inflation appropriate for India: RBI paper Top Searches Maintaining 4% inflation appropriate for India: RBI paper PTI / Dec 28, 2020, 21:54 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The paper, authored by RBI deputy governor Micha...