RBI adviser says no pressure on rates

An Indian monetary policy adviser said in an interview on Tuesday 27 September he saw no immediate upward pressure on interest rates but warned that the central bank could not ignore rising U.S. rates.

"Immediately, there is no upward pressure on interest rates, because liquidity is there," R.H. Patil, one of four experts on a recently created central bank advisory committee, told Reuters in an interview.

"But of course we can't afford to ignore the short-term situation. We can't be totally mis

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