"High Inflation Is Like Tax On Everyone," Says RBI Governor Sanjay Malhotra
By NDTV
Sanjay Malhotra, Governor of the Reserve Bank of India, said on Friday that the institution does not target any price levels when it comes to "defending" the rupee's value against the US dollar. The central bank chief was part of an interactive session on Day 2 of the NDTV World Summit 2026 in New Delhi. "We do not…
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Inflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.
More about InflationCentral bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
More about Central bankSummit
A meeting of heads of state or government to discuss major issues and reach agreements.
Summits often produce the deals and statements that set international policy.
More about Summit