Governor Shaktikanta Das stressed not to modify the existing inflation targeting framework, which aims for a 4% inflation rate. He pointed out food inflation’s significant role in the consumption basket and cautioned that ignoring it may risk the hard-won stability in price levels. The existing framework ensures the credibility of economic stability.
Tech View: Nifty weakness persists, bulls await 23,400 break. How to trade on Monday
Nifty’s short-term trend remains weak within a range. A breakout above 23,400 is crucial to trigger fresh buying interest, while immediate support stands at 23,100,
January 17, 2025