Currency movements are not guiding factors for monetary policy: RBI Governor Das

Mumbai : Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions.

He said currency management is the domain of RBI and that it will deploy all the appropriate measures on the same.

The Monetary Policy Committee, which decided to go for a rate hike of 0.50 per cent earlier in the day, takes into account domestic factors on inflation and growth while formulating its rates strategy, Das told reporters during the customary post-policy press conference.

000