I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor
RBI's six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative
Experts opined that RBI may not go for a reduction in the policy rate in the wake of rising Consume Price Index based inflation, driven mainly by supply-side issues