Don't tweak inflation target range: Economists tell FM in pre-Budget talks

The current range of 2-6 per cent is valid till this fiscal year-end

New Delhi: Union Finance Minister Nirmala Sitharaman and Minister of State Anurag Thakur during a news conference in New Delhi, Thursday, Nov 12, 2020. (PTI Photo/Kamal Kishore)
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File: Union Finance Minister Nirmala Sitharaman. Photo: PTI

Indivjal Dhasmana New Delhi
Economists have asked the government not to tweak the range of consumer price inflation target for the Reserve Bank of India's (RBI’s) monetary policy committee (MPC).

In a pre-Budget interaction with Finance Minister Nirmala Sitharaman on Wednesday, they asked the government to stick to the inflation target of 4 per cent, with tolerance levels at 2-6 per cent. 

The current range of 2-6 per cent is valid till this fiscal year-end. The consumer price index-based inflation rate has not come down below 6 per cent till November in the current fiscal year, barring March. 

First Published: Dec 23 2020 | 8:38 PM IST

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