August 30, 2015

Rajan hints at rate cut; inflation down quicker than expected

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.

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