You are here

Rajan holds India rate, rebuffing pressure from government

Wednesday, August 5, 2015 - 05:50

Mr Rajan wants to ensure his inflation target of 6% by January isn't at risk from surging food prices, a poor monsoon and a possible increase in US interest rates next month.


INDIAN central bank governor Raghuram Rajan kept interest rates unchanged, rebuffing pressure from the Finance Ministry to reduce borrowing costs that are among the highest in Asia.

Mr Rajan left the benchmark repurchase rate at 7.25 per cent after three cuts this year,

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom