MUMBAI Aug 6 The Reserve Bank of India's
interest rate moves will be guided more by domestic factors than
external ones, Governor Raghuram Rajan told analyts in a
conference call on Wednesday, a day after he left rates
unchanged, as widely expected.
The central bank governor said the RBI does not manage
liquidity through foreign exchange markets, and added it could
consider increasing the foreign debt limits, should the existing
limits fill up.
The RBI kept its key policy repo rate unchanged on Tuesday,
and voiced a commitment to bringing down inflation that
convinced many analysts that markets will have to wait until
next year for the next cut in rates.
(Reporting by Suvashree Dey Choudhury and Neha Dasgupta,
Writing by Swati Bhat; Editing by Sunil Nair)