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Sep 27, 2016
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RBI may wait till December for rate cut, says Ind-Ra
The scope for Reserve Bank of India’s action on the rate cut front appears skewed towards the December 2016 policy review than October 2016, according to India Ratings (Ind-Ra).
The credit rating agency reasoned that the RBI would have better clarity on the retail inflation trajectory for the last quarter of the fiscal as well as the US electoral outcomes and the Federal Reserve rate trajectory by December 2016.The RBI, under newly-appointed Governor Urjit Patel, is scheduled to announce its Fourth Bi-monthly Policy review on October 4.
Source -
http://www.thehindubusinessline.com
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