Reserve Bank of India governor Patel on the wires 7 Feb
- having fiscal stance to achieve 4% inflation target is important
- fiscal slippages and consolidation postponement have added to bond yield rise
- we felt not necessary at this stage to change repo rate or stance without more data
- mon pol flexible in responding to inflation risk
- RBI has already share dividend with govt for this year
USDINR currently turning a little higher at 64.1450
Do we have many rupee traders out there? Do let us know if so and what your thoughts are right now.
