 "Decline in commodity prices to aid policy easing: RBI")
New Delhi: A sharp decline in commodity prices may create room for fiscal and monetary policy easing, Reserve Bank of India deputy governor Subir Gokarn said on Tuesday on the sidelines of an industry event.
[caption id=“attachment_250121” align=“alignleft” width=“380” caption=“The central bank kept its policy repo rate on hold at 8.50 percent at the mid-quarter review.”]  [/caption]
The central bank kept its policy repo rate on hold at 8.50 percent at the mid-quarter review on Thursday, warning on resurgent inflation risks, and put pressure on the government to trim the
fiscal deficit.
Moderating growth in India might help contain inflation, Subir Gokarn, a deputy governor at the Reserve Bank of India, said on Tuesday.
Reuters
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