“Mkts Have Cheered RBI’s Forward Guidance”
  • Prabha Hedge
  • Jan 29 2014

January 29: The Reserve Bank of India unexpectedly raised its benchmark interest rate to 8% from 7.7%. However, the central bank indicated that it does not anticipate the need for more rate hikes in the near term. Bloomberg TV India speaks to Standard Chartered Bank’s Samiran Chakraborty about the same. Chakraborty points out, “RBI is re-establishing that there is no trade off between growth and inflation.”