Inflation gives RBI room to cut rates: PM adviser

NEW DELHI Thu Mar 14, 2013 12:12pm IST

A vendor arranges vegetables at a market in Jammu August 12, 2009. REUTERS/Mukesh Gupta/Files

A vendor arranges vegetables at a market in Jammu August 12, 2009.

Credit: Reuters/Mukesh Gupta/Files

Related Topics

NEW DELHI (Reuters) - The government data released on Thursday gives the Reserve Bank of India room to ease monetary policy when it meets next week, the prime minister's economic adviser, C. Rangarajan, said.

"As of now, the numbers provide some comfort for the authorities to move in the direction of easing," he said on CNBC-TV18 television news channel.

(Reporting By Ross Colvin, editing by Rajesh Kumar Singh)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Photo

RBI Policy Review

RBI keeps rates on hold, warns on inflation  Full Article 

China iPhone Sale

China iPhone Sale

China regulator approves Apple's iPhone 6 for sale in China  Full Article 

Cleanliness Drive

Cleanliness Drive

Modi orders officials to clean loos on Gandhi's birthday.  Full Article 

Jaitley's Health

Jaitley's Health

Finance Minister Jaitley in isolation ward, may skip U.S. trip.  Full Article 

China Factory

China Factory

China final HSBC PMI steady in September on stronger global demand but risks remain  Full Article 

Vadodara Violence

Vadodara Violence

Police arrest 140 for religious clashes in Vadodara as Modi tours U.S.  Full Article 

Japan Economy

Japan Economy

Economy takes another hit as spending, factory output fall  Full Article 

AIG Bailout

AIG Bailout

Six years after AIG bailout, trial asks: was it legal?  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage