1 December 2015, 11:06 AM
Rajan begins taking question after the press briefing
1 December 2015, 11:01 AM
RBI governor set to talk to media
1 December 2015, 11:53 AM
There is room building up for banks for more rate cuts
1 December 2015, 11:51 AM
Seeing weakness in areas of economy mainly in agriculture
1 December 2015, 11:46 AM
To put our new methodology for base rate
1 December 2015, 11:46 AM
-We are focusing on transmission and have barely seen half the rate cuts since January
-US Fed not central factor in our deliberations
-Hope See an uptick in inflation till December
-Economic growth projection retained at 7.4%
-Will use space for further accommodation
-It is very clear that we are in midst of recovery
1 December 2015, 11:25 AM
On Accomodation, impact of 7th Pay Commission: In the broad sense there is going to be external expenditures but we don't feel it will impact the fiscal health a lot.
1 December 2015, 11:25 AM
During normal times we would stick to policy dates for rate action.
1 December 2015, 11:25 AM
As far as when the next rate movement would take place, I can say when times are unwarated we are prepared to move off cycle.
1 December 2015, 11:24 AM
On future stance on transmission and rate cut: We are accomodative but also vigilant on inflation. There are both upside and downside risk to consumer price inflation.
