The Reserve Bank of India will announce its Annual Monetary Policy for 2014-15 today. RBI Governor Raghuram Rajan is likely to leave key rates unchanged. Mr. Rajan, who has made clear that his primary goal is to tame price, may hold the repo rate at 8 per cent citing inflationary expectations. The repo rate is that at which the RBI lends to the banks. Both wholesale and consumer inflation have come down sharply in the last few months, primarily due to lower fruit and vegetable prices but core inflation that is non-food and non-fuel is still high.
News On AIR | April 1, 2014 8:46 AM
RBI to announce annual monetary policy today