Rajan says room to cut rates on lower inflation, good monsoon – WSJ

Reserve Bank of India (RBI) Governor Raghuram Rajan attends a news conference after their bimonthly monetary policy review in Mumbai, India, April 5, 2016. REUTERS/Danish SiddiquiMoreNEW DELHI (Reuters) – The Reserve Bank of India may have room to further cut policy rates if inflation continues to ease and monsoon rainfall is in line with the forecast, governor Raghuram Rajan told The Wall Street Journal in an interview in Washington.
“So we said we are looking at inflation. If it co