March 14, 2013 / 6:48 AM / in 5 years

Inflation gives RBI room to cut rates: PM adviser

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.

A vendor arranges vegetables at a market in Jammu August 12, 2009. REUTERS/Mukesh Gupta/Files

“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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