WASHINGTON: Indicating an imminent rate cut, RBI Governor Raghuram Rajan has said inflation has come down to the comfort zone quicker than expected and he is keeping a watch on data to see how much room is there for further easing of the monetary policy.
"We are on a phase of accommodation. We are still in that phase. We are looking at the data to see what more room we have," Rajan said.
Read more at: http://economictimes.indiatimes.com/articleshow/48731271.cms
"We are on a phase of accommodation. We are still in that phase. We are looking at the data to see what more room we have," Rajan said.
Read more at: http://economictimes.indiatimes.com/articleshow/48731271.cms
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