RBI Policy: Raghuram Rajan On Stressed Assets & Transmission Of Interest Rates

The Reserve Bank of India left its policy rates unchanged in its second bi-monthly monetary policy review for this financial year. The benchmark repo rate, at which RBI lends to banks, is unchanged at 6.5% as the central bank as it took cognisance of rising inflation in recent months. Consumer price index inflation jumped to 5.4% in April from 4.8% the previous month. This “inflation surprise in the April reading makes the future trajectory of inflation somewhat more uncertain,” the central bank said explaining its rationale for leaving rates unchanged. ——————————————————————————————— Subscribe for more videos: http://goo.gl/RjJrX0 Like us on Facebook: https://www.facebook.com/indianexpress Follow us on Twitter: https://twitter.com/indianexpress Download the Indian Express app at http://indianexpress.com/apps/ Watch more videos at http://www.indianexpress.com/videos