RBI policy depends on new CPI, realty data

Hong Kong: The Reserve Bank of India (RBI) will watch the newly introduced consumer price index as well as property sector data for determining its stance on interest rates, a deputy governor of the RBI said on Friday.

[caption id=“attachment_253343” align=“alignleft” width=“380” caption=“Subir Gokarn said a low fiscal deficit would help in bringing down interest rates”] [/caption]

Speaking at an investor conference in Hong Kong, Subir Gokarn also said a low fiscal deficit would help in bringing down interest rates and boosting investments.

Reuters