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Gokarn to RBI: Stop focusing on the Fed


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.

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