Rajan's inaugural speech hinted at growth push: Deutsche

September 06, 2013 18:42

Deutsche Bank today said RBI Governor Raghuram Rajan's inaugural statement hinted that the Reserve Bank is done with the rate tightening.

"Beyond the discussion on price stability, the rest of the Governor's statement was geared towards lowering the cost of doing business... We think that RBI is done with tightening for now," Deutsche Bank said in a note, two days after Rajan took over as RBI governor.

It further said with the growth falling to 4.4 per cent for the June quarter, the country cannot afford high rates at present.

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