Union Minister Piyush Goyal described the link between food inflation and interest rates as an 'absolutely flawed theory.'

The commerce minister emphasised that these were his views and not the official stance of the Union government.

Congress criticizes Piyush Goyal for suggesting RBI ignore food inflation in interest rate decisions, calling it insensitive.

Regarding the recent surge in Foreign Institutional Investor selling, Goyal advised that investors should focus on the long-term outlook rather than being swayed by short-term quarterly fluctuations

Commerce Minister Piyush Goyal called on the Reserve Bank of India to reduce interest rates. Goyal argued that using interest rates to control food price inflation was ineffective. RBI Governor Shaktikanta Das cautioned against assuming a rate cut.

Union Commerce Minister Piyush Goyal advocated for an interest rate cut by the Reserve Bank of India (RBI) on Thursday (Nov. 14), emphasizing that food inflation should not be a determining factor in rate decisions.

Commerce and Industry Minister Piyush Goyal on Thursday asked the Reserve Bank of India (RBI) to cut repo rates.

Multiple consumer goods companies have alluded to a slowdown in demand, particularly in urban markets, which is reflected in their September quarter earnings performance as well.

India's Commerce Minister Piyush Goyal urged the Reserve Bank of India to cut interest rates to further boost economic growth, arguing that factoring food inflation in rate decisions is a "flawed theory.