Moody?s sees RBI pausing rate hikes on slowing IIP

The Reserve Bank of India is likely to pause its monetary tightening at November policy, after the drop in industrial output growth to single digits in August.

Written by TickerNews

October 13, 2010 23:19 IST

The Reserve Bank of India is likely to pause its monetary tightening at November policy, after the drop in industrial output growth to single digits in August, said Moody?s Analytics senior economist Matt Robinson Tuesday.

?August?s soft result ? well down on the five-year average ? may give the directors of the central bank reason to pause their monetary tightening agenda when they meet on Nov 2,? Robinson said in a note on August IIP.

This article was first uploaded on October thirteen, twenty ten, at nineteen minutes past eleven in the night.