MUM­BAI:

The Pak Banker - - FRONT PAGE -

The Re­serve Bank of In­dia con­tin­ues to watch the progress of mon­soon to as­sess the over­all im­pact on in­fla­tion as well as global de­vel­op­ments, gover­nor Raghu­ram Ra­jan said on Thurs­day. The com­ments come amid ris­ing mar­ket ex­pec­ta­tions for a rate cut at the RBI's next pol­icy re­view on Sept. 29 af­ter con­sumer in­fla­tion eased to a record low in July. Ra­jan, at an event or­gan­ised by State Bank of In­dia, added mar­kets were re­flect­ing the 75 ba­sis points in rate cuts so far this year bet­ter than banks.

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