Inflation to be kept low while reforms implemented: RBI
IANS 18 September 2015

There are expectations that the RBI would reduce interest rates at its next monetary policy review later this month

 

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said inflation should be kept low not only now but also in the future, adding that reforms are needed for sustainable growth.
 
Rajan said at an event here that keeping inflation down and implementing reforms are needed for maintaining sustainable growth.
 
There are expectations that the RBI would reduce interest rates at its next monetary policy review later this month.
 
This has been reinforced with the US Federal Reserve deciding to hold its interest rates much against the earlier expectation they would be hiked.
 
On the US Federal Reserve's decision, Rajan said this could be due to concerns about the American economy.
 
He said the US may be waiting for more information before deciding on a rate hike.
 
Rajan also said the banks should quickly balance their books, adding there was need for a bankruptcy code to enable the lenders better handle their loan accounts.
 
Comments
Mahesh S Bhatt
1 decade ago
Should we not recognise Raghuram Rajan Sirs fantastic contribution by holding the Indian Rupee to its lowest turbulence when other currencies went down by to 25%.

Brazil is degraded to Junk level by rating agency by Moody.

Do our Industrialst's (Government greasers) & Political class wants India to degrade to that levels.

High prices of Real Estates/Oil & Petrol/Surprising Onion Inflations/Potato inflations around elections well doctored or Engineered.

NPA across the key sectors Infrastructure/Airlines/Power/Telecom/Real Estate is not addressable by all Indians.Record inventories of unsold Commercial/ Residential.

God Bless Mahesh
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