RBI deputy governor: Inflation situation manageable
MUMBAI (Reuters) - K.C. Chakrabarty, deputy governor of Reserve Bank of India (RBI), said on Wednesday that inflation was in a difficult situation but manageable.
(Reporting by Aditya Phatak)
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Data released on Friday showing a slowdown in India's economy will put the Reserve Bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival. Full Article