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RBI deputy governor Poonam Gupta is upbeat on India’s growth prospects, especially due to a series of reforms. In her first interview since taking charge eight months ago, she tells TOI that the recent movement of the rupee is not a concern. Excerpts:What’s your overall assessment on growth and inflation, and are we nearing the…
MUMBAI: RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more procedural than substantive. “The point that they’re…
MUMBAI: RBI deputy governor Poonam Gupta defended the central bank’s inflation projections, saying there is “no systematic bias” in forecasts issued by the Monetary Policy Committee. Speaking at a workshop here on Wednesday, she said inflation forecasting is difficult everywhere, “equally challenging in India, if not more so”, because of the high food weight in…
