Interest rate hike in public interest: RBI chief

January 29, 2014 20:38

A day after he surprised the markets with a 0.25 per cent hike in key rates, Reserve Bank Governor Raghuram Rajan today defended the move citing public interest and took a dig at analysts and economists for labelling him a hawkish monetarist.

"We can't talk only to analysts who are steeped in inflation targeting and speak their language. We also have a broader audience that we have to take along," he said at the customary post-policy analysts con-call today when asked about the dissonance in the December statement and the current rate hikes.

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