Governor Rajan Says…..

rajan

Expect CPI Inflation At 5.8% In January 2016

Policy must be stable and predictable

US Fed Not The Central Issue While Deciding Monetary Policy

Will Work W/govt To Remove Impediments For Banks To Pass On 125 bps Rate Cut

Foreign Investment Limits In Debt Will Be Fixed In Rupee Terms

Expect CPI Inflation To Average Around 5.5% In Oct-Dec & 5.8% In Jan-March

Focus Should Now Shift To Bringing Inflation Down To 5% By FY17-end

Cut FY16 GDP Growth Target To 7.4% From 7.6%

Hike In Foreign Invst Limit In Bonds To Be Announced Every March, Sep

Low Global Food Prices A Source Of Comfort

Trying To Keep Weighted Average Call Rate Close To Policy Rate

Do Not Want Excess Liquidity In Money Markets

Global Growth Has Moderated,Especially In Emerging Markets Since Aug

Biggest Risk To Inflation Is On Services Side