RBI keeps rate hike option open | Latest News India - Hindustan Times
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RBI keeps rate hike option open

PTI | By, Kolkata
Dec 10, 2010 03:27 PM IST

The Reserve Bank on Friday said that it is open to a hike in key policy rates if the situation so warrants, even though there is an indicative pause on such a measure for three months.

The Reserve Bank on Friday said that it is open to a hike in key policy rates if the situation so warrants, even though there is an indicative pause on such a measure for three months.

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"The governor said that it may not be necessary...but that does not mean if the pause is there you cannot do that (read rate hike).

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If it needs to be done, it can be done, that is his choice (read Governor)," RBI deputy governor K C Chakrabarty on Friday said that when asked if the central bank can still hike rates despite its indication for a pause in the November policy.

He was speaking on the sidelines of a seminar jointly organized by CII and Suresh Neotia, Centre of Excellence. On November 2, Governor D Subbarao had said, "The likelihood of further rate actions in the immediate future is relatively low."

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