You are here

Curbs on crop prices boost odds of India rate cut

Friday, June 19, 2015 - 05:50
BT_20150619_NAHINDIA19AQO8_1729533.jpg
The government sets agricultural prices twice a year to cover two harvests and more than 20 food crops.

New Delhi

THE door to another interest-rate cut in India has cracked open an inch after Prime Minister Narendra Modi's government limited gains in guaranteed prices for rice to levels not seen since 2006 and kept a lid on lentil costs. That will please central bank governor Raghuram Rajan