Reserve Bank of India: Growth is a matter of highest priority at this juncture

Dhwani Mehta FXStreet

The Reserve Bank of India (RBI) Governor Shaktikanta Das is out on the wires now, via Reuters, with the key headlines found below.

Growth is a matter of highest priority at this juncture.

Important to look at issues of financial stability.

It’s worth noting that the RBI cut key interest rate for the fourth consecutive time earlier this month, as it reduced repo rate by 35 bps to 5.40% to boost the slowing economy.

The USD/INR cross remains little affected by the above comments, consolidating in a tight range around 71.20 levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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