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

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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)

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