RBI Governor: No rate cuts expected in near-term
Reserve Bank of India Governor Sanjay Malhotra indicated that rate cuts are unlikely in the near-term due to prevailing economic conditions, suggesting the next policy action could be a rate hike or a hold.
New Delhi, Oct. 7 -- After announcing a 25bps rate hike, Reserve Bank of India (RBI) Governor Sanjay Malhotra said rate cuts in the near-term are unlikely given the prevailing economic conditions. He said the central bank’s next policy action could therefore be either a rate hike or a…