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Raghuram Rajan warns of inflation risks during the third Bi-monthly Monetary Policy Statement

Raghuram Rajan warns of inflation risks during the third Bi-monthly Monetary Policy Statement

Aug 09, 2016, at 09:43 pm

Mumbai, Aug 9 (IBNS): In the last monetary policy presentation of his term, the Third Bi-monthly Monetary Policy Statement, 2016-17, Reserve Bank of India Governor Raghuram Rajan said on Tuesday that inflation projections as given in the June bi-monthly statement, i.e. of a central trajectory towards 5 per cent by March 2017 with risks tilted to the upside are retained and that In view of this configuration of risks, it is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action.