RBI Policy Review
MUMBAI - The Reserve Bank of India (RBI) kept its key policy repo rate unchanged on Tuesday as widely expected, and voiced a commitment to bringing down inflation that convinced many analysts that markets will have to wait until next year for the next cut in rates.
MUMBAI - Obligations put on Indian banks need to be reduced further as they are entering a more competitive environment and the statutory liquidity ratio will have to be cut further, RBI chief Raghuram Rajan said on Tuesday.
MUMBAI - The Reserve Bank of India (RBI) will not hold interest rates high any longer than is necessary, and if disinflation proceeds as warranted, there will eventually be room to cut rates, governor Raghuram Rajan told a media briefing after the policy review.
MUMBAI - The Reserve Bank of India (RBI) kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.
From ET Now
Robert Parker, senior advisor at Credit Suisse, tells ET NOW that investors want to see stability in the RBI's monetary policy to tackle high inflation. He believes rates could only ease in Q4FY15 when inflation is expected lower below 8 percent. Video