Adani Enterp. 2534.05↓-10.30(-0.40%)
Adani Ports 737.50↑10.65(1.47%)
Apollo Hospitals 4640.45↑30.55(0.66%)
Asian Paints 3137.40↑9.00(0.29%)
Axis Bank 929.80↑2.85(0.31%)
B P C L 361.70↓-2.60(-0.71%)
Bajaj Auto 4618.50↑2.55(0.06%)
Bajaj Finance 6932.05↑27.55(0.40%)
Bajaj Finserv 1449.55↑10.40(0.72%)
Bharti Airtel 821.25↑3.30(0.40%)
Britannia Inds. 4575.25↓-20.95(-0.46%)
Cipla 956.25↑4.90(0.52%)
Coal India 246.10↑4.60(1.90%)
Divi's Lab. 3477.85↓-36.15(-1.03%)
Dr Reddy's Labs 4556.25↑25.30(0.56%)
Eicher Motors 3711.45↑21.10(0.57%)
Grasim Inds 1713.30↑25.00(1.48%)
H D F C 2690.55↑39.95(1.51%)
HCL Technologies 1126.20↓-13.00(-1.14%)
HDFC Bank 1635.50↑19.70(1.22%)
HDFC Life Insur. 579.05↑1.85(0.32%)
Hero Motocorp 2776.90↑31.75(1.16%)
Hind. Unilever 2650.30↓-2.05(-0.08%)
Hindalco Inds. 419.90↑6.35(1.54%)
ICICI Bank 948.15↓-2.55(-0.27%)
IndusInd Bank 1284.95↑16.90(1.33%)
Infosys 1314.40↓-3.05(-0.23%)
ITC 449.10↑5.50(1.24%)
JSW Steel 702.20↑0.50(0.07%)
Kotak Mah. Bank 1953.20↑8.15(0.42%)
Larsen & Toubro 2224.55↑6.10(0.27%)
M & M 1330.15↑48.30(3.77%)
Maruti Suzuki 9333.50↓-66.45(-0.71%)
Nestle India 21729.45↑147.70(0.68%)
NTPC 176.30↑1.80(1.03%)
O N G C 159.00↓-4.75(-2.90%)
Power Grid Corpn 234.50↓-2.80(-1.18%)
Reliance Industr 2520.60↑14.10(0.56%)
SBI Life Insuran 1218.10↑22.35(1.87%)
St Bk of India 595.00↑9.00(1.54%)
Sun Pharma.Inds. 968.45↓-1.45(-0.15%)
Tata Consumer 794.25↑4.55(0.58%)
Tata Motors 521.45↑3.00(0.58%)
Tata Steel 108.45↑2.05(1.93%)
TCS 3320.35↓-8.55(-0.26%)
Tech Mahindra 1114.05↓-0.70(-0.06%)
Titan Company 2812.25↑70.10(2.56%)
UltraTech Cem. 7840.55↑118.70(1.54%)
UPL 690.00↑1.90(0.28%)
Wipro 399.80↓-1.90(-0.47%)

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

'Lot of high frequency indicators are showing some signs of slowing'

Manojit Saha Mumbai

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Jayanth R Varma, member, Monetary Policy Committee

5 min read Last Updated : Apr 20 2023 | 11:32 PM IST

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Jayanth Varma, member of the RBI’s monetary policy committee, explains why the rate-setting committee needs to wait and watch for now in an interview with Manojit Saha. Edited exerpts:

You talked about two risks on inflation that have emerged since the February meeting. Why don’t you ask for a rate hike then?

These are risks which may or may not materialise. If you look at the monsoon, we have forecast from the India Meteorological Department that says it will be normal. When we met, there was no forecast at all. Skymet is saying it will be below normal. So there is uncertainty about that.