Rajan unlikely to cut rates on April 1 Last updated on: March 13, 2014 17:05 IST Comment Share Text size: A A A RBI Governor Raghuram Rajan. > To get such articles in your inbox Even after a positive surprise on the retail inflation front, analysts on Thursday said they expect Reserve Bank Governor Raghuram Rajan to hold the key rates in the forthcoming policy announcement on April 1. We expect RBI to maintain interest rates status quo in the policy announcement next month to ensure that the decline in inflation continues before the monetary policy looks to promote growth, ratings agency Care said in a note. Foreign brokerage HSBC said emergence of pleasing data and the likelihood of RBI holding its key rate on April 1, should not lead to believing that the rate tightening cycle is over.
Posted on: Fri, 14 Mar 2014 07:49:12 +0000
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