There is scope for lending rates to come down further: RBI

After RBI's decision to hold interest rates, Urjit Patel and other deputy governors spoke to media

After the Reserve Bank of India (RBI)’s decision to hold interest rates, Governor Urjit Patel and other deputy governors spoke to the media on its decision to shift its policy stance from accommodative to neutral, demonetisation, stressed assets, and other key issues. Edited excerpts:  

Why was the stance shifted from accommodative to neutral?

Viral Acharya: This is driven by our concern about global uncertainty picking up, especially on fuel and metal side. There is also a risk that this could be coupled with strengthening of the dollar and could feed into inflation of our economy. So, unless