Chennai: The Reserve Bank of India (RBI) Governor Shaktikanta Das was hospitalised here earlier in the day with a minor health issue. The Central Bank said that “there is no cause for concern”.

According to the RBI, Das “experienced acidity” and was admitted to the Apollo Hospital in the state capital.

“Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted to Apollo Hospital, Chennai, for observation,” said an RBI spokesperson.

“He is now doing fine and will be discharged in the next 2-3 hours. There is no cause for concern,” the spokesperson added, assuring that his condition is stable.

Apollo Hospital has yet to issue the latest health update on Das.

Last week, Das said the Indian economy was strong enough to handle any adverse fallout from global events. “Today, the growth of the Indian economy presents a picture of stability and strength,” Das said while addressing an event at the launch of the Kochi International Foundation here.

The country’s external sector is also strong, and the current account deficit (CAD) has remained within manageable limits. It currently stands at 1.1 percent of GDP, up from six to seven percent in 2010 and 2011.

The central bank chief also pointed out that India has one of the largest foreign exchange reserves in the world at about $675 billion. He further stated that the country’s inflation was expected to be moderate despite periodic humps.

He said that India’s inflation rose to 6.2 percent in October from 5.5 percent in September because of food inflation.

Referring to inflation as an elephant in the room, Das remarked: “Now the elephant has gone out of the room for a walk, then it will go back to the forest.”

 

 

 

 

 

 

 

–IANS

(File Photo: IANS/Video Grab)