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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

2 min read Last Updated : Dec 24 2020 | 1:25 AM IST

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.

According to the RBI Act, amended

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