3215

Rangarajan says more interest rate cuts possible

PM’s economic adviser Rangarajan says RBI may make more cuts to repo rate if inflation remains on projected lines
Comment E-mail Print Share
First Published: Tue, Jan 29 2013. 11 57 AM IST
A file photo of the Prime Minister’s economic adviser C. Rangarajan in New Delhi. Photo: Ramesh Pathania/Mint
A file photo of the Prime Minister’s economic adviser C. Rangarajan in New Delhi. Photo: Ramesh Pathania/Mint
Updated: Tue, Jan 29 2013. 12 10 PM IST
New Delhi: The central bank could make more cuts to the repo rate if inflation remains on projected lines, the Prime Minister’s economic adviser C. Rangarajan said on Tuesday.
The Reserve Bank of India (RBI) reduced its policy interest rate by a widely expected 25 basis points on Tuesday. The bank took comfort from cooling inflation to make the first cut in nine months, in support of an economy headed for its slowest growth in a decade.
RBI said there was increasing likelihood of inflation remaining range bound around current levels heading into the 2013/14 fiscal year, starting April. Reuters
Comment E-mail Print Share
First Published: Tue, Jan 29 2013. 11 57 AM IST
blog comments powered by Disqus
  • Wed, Apr 23 2014. 05 42 PM
  • Wed, Apr 16 2014. 06 11 PM
ALSO READ close

Bandhan Financial Services leads push to get poor to banks

Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved