Does RBI have room for rate cuts? Answer experts
April inflation numbers came higher-than-expected on Monday at 7.23 per cent, beating analyst estimates. On NDTV Profit, Dr.Surjit Bhalla, Chairman, O[x]us Investments and Dorab R Sopariwala debate on whether the RBI can and should cut rates in the next policy or there is no room to do the same at all. "A large part of the problem on inflation is the confused signals from the RBI as to what is that they are looking at," said Bhalla. In Sopariwala's view, the government needs to act to control food inflation.
