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Monetary Policy Committee eyed growth concerns; took solace in low inflation - minutes

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - The minutes of the Indian central bank's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation spurred the bank's recent rate cut decision.The minutes from the 2-day meeting on October 3-4, which saw all six MPC members voting for a quarter point rate cut to 6.25 percent also revealed all members expecting inflation to be in line with Reserve Bank of India's March-end target of 5 percent.India's consumer price index inflation cooled to a 13-month ...

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First Published: Tue, October 18 2016. 18:58 IST