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)
Trending On Reuters
The Reserve Bank of India (RBI) chief said on Thursday the country's push to build infrastructure should not come at the expense of financial stability, adding banks already had too much exposure to the sector. Article
RBI to leave repo rate on hold next week but cut 25 bps by end-June - Reuters poll Full Article