India's cenbank to focus on bringing inflation down to 4 pct target

August 27, 2015 11:30 AM

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MUMBAI Aug 27 India's central bank remains focused on bringing down consumer inflation to its target of 4 percent by March 2018, supporting an economy growing below potential, and ensuring banks pass on rate cuts, according to its annual report out on Thursday.

After cutting its repo rate by 75 basis points this year, the Reserve Bank of India (RBI) kept its repo rate on hold at its policy review this month, saying it wanted to monitor inflation and wait for lenders to further lower their lending rates.

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