1/14
Reserve Bank of India kept its policy rate on hold at 6.75% on Tuesday, as widely expected, opting to wait until after the government's annual budget statement at the end February to decide on whether to cut interest rates further.
In This Pic : Raghuram Rajan
Pic Courtesy : BCCL
Read More
2/14
Having cut the policy repo rate by 125 basis points in 2015, Reserve Bank of India governor Raghuram Rajan warned on Friday against straying from the path of fiscal consolidation or relaxing the fight against inflation.
In This Pic : RBI keeps policy rate unchanged
Pic Courtesy : BCCL - Non Copyright
Read More
3/14
Rajan, in his statement on Tuesday, said the central bank would stay "accommodative" but would look forward to the government's budget on Feb. 29, saying it needed to be one that supports growth and controls spending.
In This Pic : RBI keeps policy rate unchanged
Pic Courtesy : BCCL - Non Copyright
Read More
4/14
How the government implements a planned 24 percent pay hike in salaries and pensions for some 10 million current and former government employees will also be key in determining the path of inflation, he noted.
In This Pic : Raghuram Rajan
Pic Courtesy : BCCL
Read More
5/14
"The Reserve Bank continues to be accommodative even as it leaves the policy rate unchanged in this review, while awaiting further data on the development of inflation," Rajan said in his statement.
In This Pic : RBI keeps policy rate unchanged
Pic Courtesy : BCCL - Non Copyright
Read More
खबरें एक झलक में :
ऐप पर देखें