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)
Trending On Reuters
The U.S. and India are in talks that could settle a long-running solar power trade dispute, delaying the announcement of a ruling by the World Trade Organization, an Obama administration official said on Friday. Full Article