For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Inflation continues to be RBI's priority: Rajan

By Religare
|
Inflation continues to be RBI's priority: Rajan
Just days after surprising the markets by leaving the rates unchanged despite rising inflation, the RBI Governor Raghuram Rajan, while speaking to a TV channel, said that inflation continues to be the priority of the central bank and further action on rates will be taken only after analysing the inflation data.
 

A media report quoted Rajan as saying "...nobody should doubt our desire to fight inflation and our belief that interest rates are our main tool that we have. Nobody should doubt that."

When asked about his next move, Rajan said "We want to see data on how the work we have done so far is playing out and then we will take the next step. Don't judge me by whether I raise interest rates in every meeting."

RBI Governor Rajan took the charge as chief of the central bank on September 4 and increased the key interest rate twice by 0.25 per cent each in successive monetary policies. However, he refrained from hiking the rates on December 18 when everyone had expected at least a 25 bps hike.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more