While delivering a speech in Mumbai, Khan also said rural inflation was high because of supply chain issues.
After consumer prices-led inflation slowed to 6.46% in September, which is lowest since the series was started in January 2012, markets have been pricing in an early rate cut from the RBI.
He also warned against too much complacency in markets, but didn’t elaborate. The reasons for a rally in domestic markets this year is mainly due to expectations for earlier-than-expected rate cuts, the stability in the