RBI interest rates are set appropriately: Rajan

Source: RTT News
© Scanpix/FP
Governor of the Reserve Bank of India Raghuram Rajan revealed that the bank's policy is rather to dis-inflate than ‘abruptly' and the benchmark interest rate will stay at current level, Rajan said in his Wednesday's speech in Mumbai. The RBI plans to push down the consumer price inflation by 2015 to a level of 8% and by 2016 to 6%.

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