Inflation is moderating and steadily approaching the central bank's 4% target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum annual meeting.

Inflation has come under control and is within the band we have, which is 2% to 6%. Target is 4%," Mr Das said. 

Reserve Bank of India (RBI) Governor Shaktikanta Das attended a fireside chat at the annual World Economic Forum (WEF) in Davos, Switzerland, marking the first time for an RBI Governor. The RBI Governor is scheduled to address a Luncheon with CII Session on Wednesday, 17 January, with the theme “High Growth, Low Risk: The India Story".

RBI Governor Shaktikanta Das at the WEF said that India's efforts towards globalising the rupee “are not intended to replace the dollar", reports Business Today. “There is no such thinking to move towards de-dollarisation... The dollar will continue to be the dominant currency", Shaktikanta Das added. 

Inflation in India is moderating and steadily approaching the central bank's 4% target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum.