RBI Has Not Called an End to Rate Cuts: Raghuram Rajan
August 29, 2015: The RBI Governor Raghuram Rajan said on Friday that RBI has not ended the hope of interest rate cut. It is still examining the conditions and incoming data.
"We'll look at the data as it comes in and take a further view. We have not said we are finished," he said in an interview with CNBC.
This year, RBI has already cut the repo rate by 75 basis points. The current repo rate is 7.25 per cent. It was expected that in the monetary policy of August, RBI will cut the repo rate again. But RBI didn’t cut the rate.
RBI is monitoring the impact of Monsoon and inflation. The share peaks are also creating a buzz in the market. China has suffered a great loss in the market capitalization. The growth rate of India is 7 to 8 per cent. The RBI is keeping a close eye on all the aspects.