RBI policy: Pressure builds on Raghuram Rajan to cut rates

August 04, 2015 09:53

Odds are largely in favour of governor Raghuram Rajan keeping the key interest rates unchanged at the Reserve Bank of India's bi-monthly policy review today.

For one, between last bi-monthly policy review and this, data points have indicated continuation of vigil from the central bank on the inflation front. The two rounds of retail inflation numbers have shown an increase in the price levels, especially vegetables and food items.

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