RBI decision to keep interest rates unchanged expected, says Chidambaram

Former Finance Minister P Chidambaram has said that the RBI’s decision to keep interest rates unchanged was expected and the government should build on what has been achieved.

He said in a statement that it was natural for the RBI Governor to await the Budget and the stance of the government on fiscal consolidation.

Chidambaram, however, wondered whether the new BJP-led National Democratic Alliance government would move on the path of fiscal consolidation or allow the fiscal deficit to rise.


Do NOT follow this link or you will be banned from the site!