New Delhi: The Reserve Bank of India is unlikely to revise benchmark interest rates when it reviews monetary policy later this month, a top policymaker said on Wednesday.
The Reserve Bank of India (RBI) holds its quarterly policy review on Oct. 27.
"I don't think the RBI will revise interest rates in the policy review," C. Rangarajan, chairman of the prime minister's Economic Advisory Council, told reporters.
He said India's economy would grow 6-6.5 per cent "with an upward bias" in the year to March 31, 2010, and forecast inflation to touch 5-6 per cent by then.
