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India has to deflate little more –RBI’s Rajan

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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
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