Falling inflation and declining global crude oil prices have created space for the Reserve Bank of India to cut interest rates, S&P Global Ratings said Tuesday. The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7. It would be the first Monetary Policy Committee meeting under RBI Governor Shaktikanta Das, who took charge in December 2018 following sudden exit of Urjit Patel. S&P Global Ratings Economist Vishrut Rana said inflation remains under control and near the low end of the target band, following strong food output, and easing crude oil prices, that have fallen about 20 per cent from their October highs. "These two factors mean that the Reserve Bank of India has some policy space to move its interest rate settings downward at least in the near term," Rana told PTI. In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not ...
from Latest News http://bit.ly/2SqNk8M
https://ift.tt/eA8V8J http://bit.ly/2SdCH5P
0 comments: