Good move by RBI; Time to wait and watch: Ashima Goyal, PMEAC

Good move by RBI; Time to wait and watch: Ashima Goyal, PMEAC thumbnail

RBI not tightening either interest rates or liquidity conditions immediately should be a positive for markets, says Ashima Goyal, Member, Economic Advisory Council to the Prime Minister (PMEAC). She spoke to ETNow. Edited excerpts: The RBI has decided not to hike policy rates. It has decided to go in for a pause, but has changed the stance to ‘calibrated tightening’. Yes, I think it is good that they have not changed this time, have not raised rates because they have had two consecutive hikes. So, it is time to sort…

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