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Rajan pushes India opening as inflation risk keeps rates on hold

The reforms include freeing up the bond market, targeting price gains and issuing new bank licences

Thu, Aug 06, 2015 - 5:50 AM

Mr Rajan says the RBI won't hold back market reforms if there's a delay in the Fed's rate action.

Mumbai

WHILE June's inflation surprise kept Indian central bank governor from cutting interest rates on Tuesday, he sought to push ahead with reforms including freeing up the bond market, targeting price gains and issuing new bank licences.

Sovereign bonds need to have an open, and...

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