We are only pausing on rates, too early to call on inflation fight: Das

After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause and that future policy actions will purely be data-dependent as a durable fall in inflation is still a long way.

Earlier in the day, the RBI governor-led rate-setting panel MPC unanimously left the repo rate unchanged at 6.50 per cent and maintained that they will continue to work towards withdrawing policy accommodation.

The six-member panel also reiterated continuing measures to bring inflation under the target in a durable manner.

While consumer price index -based inflation eased in March and April and moved into the tolerance band, headline inflation is still above the mandated target of 4 per cent and is expected to remain so during the rest of the current fiscal, said Governor Shaktikanta Das announcing the monetary policy.

"Therefore, close and continued vigil on the evolving inflation outlook is .