Stock Trading Tips - India Ratings says RBI may not cut rates next week

India Ratings reportedly said rather than cutting rates, Rajan will focus on inflation control, liquidity management and the pending policy transmission in the near-term.

Reserve Bank Governor Raghuram Rajan will go for a status quo in rates at the upcoming policy review on Tuesday,according to India Ratings report. India Ratings reportedly said rather than cutting rates, Rajan will focus on inflation control, liquidity management and the pending policy transmission in the near-term.

 

It, however, said there is room for one more 0.25 percentage point cut in the key rates which Rajan may opt for at the next review in August, India Ratings reported.The headline inflation rose to 5.4 per cent in April on a spurt in food prices.

 

 

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