NEW DELHI 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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The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article