All eyes will be on Reserve Bank of India (RBI) governor Raghuram Rajan as he presents his maiden credit policy on Friday, after the US Federal Reserve infused much-needed breathing space to policy makers across world by delaying the unwinding of the monetary stimulus programme. Analysts do not expect Rajan to cut lending rates soon. So, don't expect EMIs on your existing home loans to come down in a hurry. There will also be more focus on the accompanying policy observations, which the market and economists will scrutinise closely for Rajan's assessment of the current economic situation and any forward-looking cues Rajan had famously predicted the global financial crisis of 2008 three years before it happened. Skyrocketing onion and vegetable prices and costlier staples such as rice pushed India's wholesale inflation to 6.10% in August, have added to the matrix of problems for the government and the RBI, which are battling to steer the country out of an economic mess.


For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive