India has to deflate little more –RBI’s Rajan

FXStreet (Mumbai) – The Reserve Bank of India governor Rajan, while speaking to CNBC, said the Indian economy has to deflate has some more and that the CPI target of 6% shall be achieved by end of January.

Key Points

Rest of the world facing deflationary pressures

Rupee will stabilize after initial volatility

On-going disinflationary trend may give more policy room

Level of reserves is adequate

Fundamentals don’t justify asset prices

The Reserve Bank of India governor Rajan, while speaking to CNBC, said the Indian economy has to deflate has some more and that the CPI target of 6% shall be achieved by end of January.

(Market News Provided by FXstreet)