India central bank chief says not more comfortable on inflation now than in April: TV
[MUMBAI] The Reserve Bank of India is not more comfortable over inflation now than it was at its previous policy in April, Governor Raguram Rajan said in an interview to the ET Now television channel on Wednesday.
The central bank cut its policy repo rate by 25 basis points to 7.25 per cent on Tuesday, for the third time this year, to boost investments and growth in what Rajan termed as a stance to front-load rate cuts despite uncertainty over monsoon, crude oil prices and external shocks.
The benchmark 10-year bond yield has risen by 15 basis points to 7.97 per cent since Monday after market construed the tone of the policy as hawkish.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo
Indonesia’s central bank delivers surprise rate hike to anchor rupiah
Prabowo’s aide says Indonesia doesn’t need another rate hike