Fostering monetary conditions conducive to economic growth were a constant consideration for Indian policymakers, but would not take priority over achieving the central bank's inflation target, Governor Urjit Patel told a newspaper on Monday. Patel told the Mint newspaper that the economy was recovering, after growth slowed to a three-year low of 5.7 percent in the April-June quarter. The slowdown had sparked some calls for lower interest rates, but with inflation rising the RBI left rates unchanged at a review by the monetary policy committee (MPC) last ...
Economic growth to top 7% in next two quarters: RBI Governor Urjit Patel
The (MPC) will strive to achieve its 4 percent inflation target on a "durable basis", Patel said