Central bank Governor Raghuram Rajan is scheduled to review policy twice more this year: on Sept. 29 and Dec. 1. He may also act in between meetings, as he did for two of his three rate cuts since January.
Data in the past few weeks show that India’s inflation and growth slowed more than estimated as stocks plunged over concerns that China’s slowdown will jeopardize global expansion.
The case against a rate cut is largely tied to consumer-price inflation. The figure was 3.78 percent in July, below Rajan’s target of 6 percent by January for the 11th straight month. The number for August will be released on Sept. 14.Cnx nifty (7823)
Data in the past few weeks show that India’s inflation and growth slowed more than estimated as stocks plunged over concerns that China’s slowdown will jeopardize global expansion.
The case against a rate cut is largely tied to consumer-price inflation. The figure was 3.78 percent in July, below Rajan’s target of 6 percent by January for the 11th straight month. The number for August will be released on Sept. 14.Cnx nifty (7823)
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