Support RBI's focus on inflation: C Rangarajan
The Reserve Bank of India, in its credit policy review on Tuesday, held key rates steady and announced a 0.25 per cent cut in cash reserve ratio (CRR) on account of high inflationary pressures. Dr C Rangarajan, chairman of the economic advisory council to the Prime Minister (PMEAC) says that RBI has chosen to focus on inflation for now, but could bring down rates in the next few months as inflation eases.
