Slowing growth topmost concern, but fundamentals strong: StanChart
By Ira Dugal | Published On: June 19, 2012 10:40 (IST) | Duration: 9 min, 43 sec
Ananth Narayan, Regional Head-Fixed Income, Currencies & Commodities, South Asia at Standard Chartered Bank speaks about RBI's decision to not cut key interest rates, Fitch's downgrade of India outlook, slowing growth and soaring inflation. He says that markets are disappointed with the lack of rate cut and that growth needs to be the topmost concern. However, fundamentals of Indian economy are still strong, he adds.