Reserve Bank of India head in follow-up comments to the earlier rate cut
- we used what room we had
- substantial fall in commodity prices globally also allowed for a 50bps cut
- corp investment has been weak so space for non-inflationary growth still
- we have to live in turbulent waters for a little while longer as suggested by global environment
- trying to make India more robust and ensure strong sustainable growth
- govt and RBI to work on policy transmission
- policy goals must be steady and predictable
What do our Indian readers make of today's RBI action and comments?
