Gokarn to RBI: Stop focusing on the Fed


Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, 2020, Brookings India is now the Centre for Social and Economic Progress, an independent public policy institution based in India.

The Reserve Bank of India (RBI) ought to push ahead with an interest rate cut at its policy meeting on September 29, even if the Federal Reserve decides to embark on a rate hiking cycle this week, former deputy governor of the RBI and Brookings India Director of Research, Subir Gokar, told CNBC in an interview.

To read the full interview click here.

“The key driver of the Fed’s decision is going to be domestic. Similarly, the key determinant of the Indian decision on interest rates must be what domestic conditions are,” he said.