image: Abhijit Bhatlekar/ Mint
Mumbai: The Reserve bank of India (RBI) can have more room to cut hobby rates if the imperativefinancial institution profits self assurance in reaching its five% goal for customer inflation via March 2017, said governor Raghuram Rajan on Wednesday.
Rajan, in an interview with television channel CNBC Awaaz, called the contemporary repo charge of 6.50% “suitable” and introduced the imperative financial institution has used up all its “area available” to cutinterest charges, pinning in addition easing on inflation.
“If we get assured of reaching 5% inflation goal via March 2017 then we can get extra area to reduce,” Rajan stated in an interview conducted in Hindi.
