Post-poll Budget key to rates: Raghuram Rajan

Reserve Bank of India governor Raghuram Rajan left policy rates unchanged and signalled that he was waiting to see whether the post-election Budget would take the path of fiscal prudence before deciding on interest rates. In his first bimonthly policy, the governor projected GDP growth of around 5.5% in FY15 due to easing of supply bottlenecks...

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