India cannot risk another inflation: RBI Governor Das

• Reserve Bank of India Governor Shaktikanta Das argues against another inflation bout, citing the country’s economic progress.
• The MPC’s new external member, Nagesh Kumar, supports a 0.25% rate cut to revive demand and boost private investment.
• Kumar warns of currency appreciation if India doesn’t follow the normalisation process, as it could hurt the competitiveness of Indian products.
• He suggests a change in stance from withdrawal of accommodation to ‘neutral’ while keeping the policy repo rate at 6.50%.