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RBI waiting to see how inflation risks pan out: Governor Urjit Patel

Reuters  |  MUMBAI 

(Reuters) - The of India would be ready to take policy action if upside risks to do not materialise, said on Wednesday after the announced it was holding interest rates steady for now.

"Given the assessment that growth will likely remain healthy for the rest of the year, the MPC (committee) retained its stance at calibrated tightening so as to buy time to pause, reflect and undertake future policy action with more robust signals," Patel said.

"If the upside risks we have flagged do not materialise or are muted in their impact as reflected in incoming data there is a possibility of space opening up for commensurate policy actions by the MPC."

(Reporting by Sankalp Phartiyal)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 16:49 IST
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