Indian Central Bank To Maintain Policy Rates, Says PM's Adviser

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The monetary policy of the Reserve Bank of India is unlikely to change, chairman of the Prime Minister's Economic Advisory Council C. Rangarajan told reporters on Wednesday. The central bank is set to hold its quarterly policy review on October 27.

Rangarajan said the Indian economy is expected to grow in the range of 6% to 6.5% in the current financial year and forecasts inflation to reach around 6% by the end of the fiscal.

The monetary policy of the Reserve Bank of India is unlikely to change, chairman of the Prime Minister's Economic Advisory Council C. Rangarajan told reporters on Wednesday. (Market News Provided by RTTNews)