Reserve Bank Governor Raghuram Rajan Tuesday said even though an increase in power prices to improve the health of discoms would hurt us in the short-term, it is a sound move for inflation management in medium-term.
Welcoming RBI's decision to slash key interest rate by 0.50 percent, Chief Economic Advisor Arvind Subramanian on Tuesday said the government is committed to contribute its share by adhering to its fiscal deficit target so that inflationary pressures remain under control.
New Delhi/Mumbai: Reserve Bank of India Governor Raghuram Rajan on Tuesday said that the central bank will continue to be vigilant, soon after announcing the 4th monetary policy at RBI headquarters in Mumbai.
State Bank of India (SBI) on Friday said that there is a space for rate cut by the Reserve Bank of India (RBI) at its next policy later in the month as the possibility of food prices going up in coming months is negligible.
As the clamour for a rate cut by RBI grew with the US Fed leaving ultra-low rates intact, Governor Raghuram Rajan on Friday kept all guessing about his next monetary policy move saying the 'key task' is to keep inflation low.
U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve`s decision whether to hike interest rates.
Retail inflation at 3.7 percent in August is much lower than RBI's guided path target by January and there is a room for at least 25 basis points repo rate cut during the policy meet later this month, Ind-Ra said Tuesday.