Comments
The Reserve Bank of India is not biased towards either raising or cutting interest rates, and its monetary policy stance will depend only on inflation data, central bank governor Raghuram Rajan told analysts in a conference call on Wednesday.
"As data comes in we will have a better view of what is happening and adjust accordingly, so I shouldn't assume that we're either biased towards raising rates or cutting rates at this point," Rajan said.
The RBI kept its key policy repo rate unchanged at 8.0 percent on Tuesday and said it will refrain from cutting interest rates until it is confident that consumer inflation can be reduced to a target of 6 per cent by January 2016.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.