RBI's Rajan: Inter-meeting rate cut only in case of urgency | Reuters

MUMBAI The Reserve Bank of India (RBI) does have the option of an inter-meeting rate cut, but such a step is usually taken only in case of a "great sense" of urgency, to signal a change in policy direction, Governor Raghuram Rajan said on Tuesday.

The central bank left the key repo rate steady at 6.75 percent, opting to wait until after the government's annual budget statement at the end of February to decide on whether to cut interest rates further.

Expectations of a post-budget rate cut have surfaced after Rajan said further room for rate cuts would open up if the forthcoming budget came up with structural reforms to help boost growth and contain inflation.

Rajan, along with key deputies, was addressing a teleconference with analysts after the policy announcement.

(Reporting by Neha Dasgupta, Swati Bhat, and Suvashree Dey Choudhury; Editing by Sunil Nair)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Feb 02, 2016 16:05 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See