‘RBI may cut rates early next year’

Hyderabad, December 18

The RBI may go for rate cut early next year as price situation is showing ‘definite improvement’, said C Rangarajan, former chairman of the Prime Minister’s Economic Advisory Council, on Thursday.

He, however, cautioned that volatility in the currency markets should also be taken into consideration before going for any policy decision.

“The price situation is showing definite improvement. The latest policy statement has given indications if the price behaviour is along the trajectory envisage... I expect probably changes will come in the early part of next year. It could be any time,” Rangarajan said. — PTI