India’s central bank (RBI) Governor, Das, stated that the bank will not consider interest rate cuts until inflation consistently aligns with the 4% target. Despite recent moderation in inflation, discussions on rate cuts are deemed premature. The RBI has maintained unchanged rates for five consecutive policy meetings, maintaining a hawkish stance amid inflation rates above the target. The central bank anticipates economic growth to approach 7% in FY24, with inflation averaging around 4.5%.