09 August 2016 at 0:56 GMT
With less than a month to go on the job, Indian central bank Governor Raghuram Rajan can do little more than offer an honest outlook on inflation and advice to his successor when he reviews policy for the last time on Tuesday. Sandrine Rastello writes consumer-price gains reached a 22-month high of 5.77% in June, leaving Rajan with little room to lower borrowing costs given a target for a 5% pace by March. He will keep the benchmark repurchase rate at 6.5%, according to the majority of economists in a Bloomberg survey.
Read full article at Bloomberg