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Wednesday, Oct 23, 2019

RBI not more comfortable on inflation now than in April: Rajan

The Reserve Bank of India is not more comfortable over inflation now than it was at its previous policy in April, Governor Raguram Rajan said in an interview to the ET Now television channel on Wednesday.

business Updated: Jun 03, 2015 15:00 IST

Reuters
         

The Reserve Bank of India is not more comfortable over inflation now than it was at its previous policy in April, Governor Raguram Rajan said in an interview to the ET Now television channel on Wednesday.

The central bank cut its policy repo rate by 25 basis points to 7.25% on Tuesday, for the third time this year, to boost investments and growth in what Rajan termed as a stance to front-load rate cuts despite uncertainty over monsoon, crude oil prices and external shocks.

The benchmark 10-year bond yield has risen by 15 basis points to 7.97% since Monday after market construed the tone of the policy as hawkish.

First Published: Jun 03, 2015 14:38 IST

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