RBI stance shows inflation still a worry: Experts
By Prashant R Nair, Ira Dugal | Published On: July 31, 2012 11:00 (IST) | Duration: 42 min, 34 sec
The Reserve Bank of India on Tuesday kept its repo rate unchanged at 8 per cent but cut its statutory liquidity ratio by one percentage point to 23 per cent, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate. Shubhada Rao, Chief Economist, Yes Bank said that the RBI's decision is in-line with expectations. "They have maintained the status quo but inflation is still a concern," she added.