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No urgent cut in repo rate needed, says RBI
New Delhi, July 04: Reserve Bank of India Governor Bimal Jalan said on Friday `there was no great urgency` for a repo rate cut.
New Delhi, July 04: Reserve Bank of India Governor Bimal Jalan said on Friday "there was no great urgency" for a repo rate cut.
"The view of the RBI is very clear -- we are waiting for the inflation rate, monsoon situation to become clear. There is no great urgency and we will take a decision whenever," Jalan told reporters.
He said there was no change in the central bank's April monetary policy stance and "the soft interest rate bias continues".
Jalan declined comment on the rupee-dollar movement. Bureau Report
He said there was no change in the central bank's April monetary policy stance and "the soft interest rate bias continues".
Jalan declined comment on the rupee-dollar movement. Bureau Report