Inflation gives RBI room to cut rates: PM adviser

Hopes for a rate cut in the central bank's meeting next week

The government data released on Thursday gives the Reserve Bank of India room to ease monetary policy when it meets next week, the prime minister's economic adviser, C. Rangarajan, said.

"As of now, the numbers provide some comfort for the authorities to move in the direction of easing," he said on CNBC-TV18 television news channel.