He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market.
In an interview to the CNBC TV18 channel, Das also said the RBI will release the new forecast for inflation next month.
He said the repo rate will be increased, but declined to say by what percentage.
Early this month, the Monetary Policy Committee (MPC) hiked the benchmark rates by 40bps to 4.4 per cent owing to the inflation at six per cent upper range for four months and Das said it was done to avoid a steep hike in June.
He said the measures taken by RBI will have a sobering effect on retail prices.
According to Das, the current account deficit will be comfortably managed this year.
On the crypto currency, he said the RBI has been cautioning against it and there are questions on how to regulate it.
He said crypto currency will undermine the financial, monetary and macroeconomic stability of the country. The RBI has conveyed its position to the Central government and the latter is more or less in sync with the former.
Read More National News.
May go for rate hike in June: RBI Governor
India's central bank is mulling further rate hikes, said its Governor Shaktikanta Das.
Chennai, May 23: India's central bank is mulling further rate hikes, said its Governor Shaktikanta Das.
White House refuses to pay for Twitter's Blue verification: Report
San Francisco, April 1: As Elon Musk gears up to start removing legacy verified Blue check marks from Saturday, the White House is reportedly not going to pay to have its staff's official Twitter profiles continue to be verified. According to a report in Axios, White House director of digital strategy
PM Modi to attend Combined Commanders' Conference, flag off Vande Bharat Express in Bhopal today
New Delhi, Apr 1: Prime Minister Narendra Modi will visit Madhya Pradesh's Bhopal on Saturday to flag off the country's 11th Vande Bharat Express. "Will be in Bhopal today. In the morning will take part in the Combined Commanders' Conference and later will flag off the Vande Bharat Express
Odisha celebrates Utkal Divas; President, PM and others greet people
Bhubaneswar, Apr 1: People of Odisha are celebrating ‘Utkal Divas’ today, to mark the State’s 87th foundation day. It was on this day, April 1 in 1936 when Odisha came into being as a State on the basis of language. Many dignitaries have conveyed their good wishes to the people of the
Download Argus News App