 "Had decided to keep rates on hold before inflation data: Rajan")
Reserve Bank of India Governor Raghuram Rajan said the central bank had decided to keep rates on hold even before the high consumer price and retail inflation data for November were released.
Rajan was speaking to a news channel.
Earlier this month, the RBI surprised investors by keeping interest rates on hold despite data showing consumer prices in November posted their biggest annual rise on record -- 11.24% -- while wholesale inflation hit a 14-month high.