..........RBI will announce the bi-monthly review of the policy on September 30. Bringing down inflation has topped the agenda of Mr Rajan who has hiked rates thrice in his year-long stint as the central bank Governor. Recently a series of commentary from the finance ministry had indicated that it wants interest rates to come down given inflation has “moderated”. “We see inflation is going to come down further and we hope as the (RBI) governor has in his recent credit policy stated, RBI will not hold interest rates high any longer than is necessary and I hope that threshold we will reach soon enough,” finance secretary Arvind Mayaram had said during an interaction with the industry some two weeks ago..........
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