Raghuram Rajan stays a firm warrior in inflation battleground, - TopicsExpress

Raghuram Rajan stays a firm warrior in inflation battleground, keeps rates unchanged The Reserve Bank of India left interest rates unchanged for the fifth time in a row, a decision which had been widely expected, and said the government has agreed that monetary policys primary objective will be to contain inflation at 4%, ending the use of interest rate as a tool to prop up the economy or manage the currency. Governor Raghuram Rajan also signalled that a cut in interest rates is around the corner, probably as early as the first quarter of 2015, as the forecast for inflation is trending sharply lower, leading to a rally in bonds. Read more at:

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