Tax cuts on fuel improve inflation outlook: RBI guv

On course for 9.5% Growth Target, Global Headwinds a risk.

The governor said that there was already a rebalancing of the liquidity in the money markets but as long as the central bank maintained its accommodative stance, funds would be surplus. “Prices of energy steel and commodities have gone up but there is a sense among analysts that they have peaked. We except it will be in line with our projection of 5.3% as positive developments emerging from petrol/ diesel cut have not been factored in” he said. Shaktikanta Das however cautioned against global developemnts.

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