RBI decision on expected lines: FinMin

Shaktikanta Das said one has to wait for the Budget to know the government strategy on the fiscal consolidation road map

Economic affairs secretary Shaktikanta Das on Tuesday said RBI's move to keep the policy rate intact was on the expected lines.

He said one has to wait for the Budget to know the government strategy on the fiscal consolidation road map. The Budget is expected to be tabled in Parliament on February 29.
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The finance ministry is grappling with the issue of fiscal consolidation road map. It has received all sorts of advices-- to defer the road map by one more year, stay on the path and not to tie itself with any fiscal deficit number.
 

As RBI expected inflation would be 5% in FY17, Das said one has to see how inflation turns from here.