Central Banking

India’s Gokarn rules out March hikes

rbi-tower

Subir Gokarn, a deputy governor of the Reserve Bank of India, told reporters categorically on Thursday that the central bank would not take any policy action before issuing its annual monetary policy statement in April.

"Please don't expect any action between now and the next policy announcement [in April] unless there is a completely unanticipated event," Gokarn said at the sidelines of a conference.

His comments reiterated the position of Duvvuri Subbarao, the central bank's governor, who said

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