REUTERS/Nandan MandayamNEW DELHI, Nov 12 (Reuters) - India's retail price inflation is expected to fall below 7% in October from 7.41% in September, Reserve Bank of India Governor Shaktikanta Das said on Saturday.
The medium-term inflation target should continue to be held at 4%, he added.
"If it (inflation) remains above 6% for a prolonged period, it will be detrimental to growth, hence 6% has been kept as the upper tolerance band," he said.
Das said it was too early to get into a debate about whether inflation is likely to stay higher for longer.
The change in inflation target could indicate that the central banks are less committed to "fight the war against inflation.