More rate cuts? Budget may provide the answer
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After cutting the key policy rate by 25 bps on January 15, the Reserve Bank of India (RBI) on Tuesday decided to keep the interest rate unchanged, as no new data has come since the last rate action.
The central bank said future policy action would depend on sustaining the disinflation process and the upcoming Union Budget — to be presented on February 27 — which will show the government’s resolve for adhering to fiscal discipline.
The central bank said future policy action would depend on sustaining the disinflation process and the upcoming Union Budget — to be presented on February 27 — which will show the government’s resolve for adhering to fiscal discipline.
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First Published: Feb 04 2015 | 12:30 AM IST