India cbank chief says had decided to keep rates on hold before inflation data
MUMBAI Dec 23 (Reuters) - Reserve Bank of India chief Raghuram Rajan said the central bank had decided to keep rates on hold even before the high consumer price and retail inflation data for November were released.
Rajan was speaking to ET NOW television channel in an interview.
Earlier this month, the RBI surprised investors by keeping interest rates on hold despite data showing consumer prices in November posted their biggest annual rise on record -- 11.24 percent -- while wholesale inflation hit a 14-month high. (Reporting by Mumbai Treasury Team; Editing by Prateek Chatterjee)
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Gaza toll nears 100, Israel to counter rockets 'with all power' |
- Texas mass murder suspect collapses in court as crime recounted
- Ukraine says rebels will pay as missiles kill 23 soldiers |
- British 'Harry Potter' actor David Legeno found dead in U.S. park