India’s Interest Rate in Neutral Zone, Says Governor Malhotra

India is in a neutral interest-rate environment now and the central bank will decide its next move after assessing growth and inflation trends, Governor Sanjay Malhotra said on Tuesday.

“We are in a neutral stage on rates,” the Reserve Bank of India governor told broadcaster NDTV Profit in an interview, adding that the monetary policy committee will decide on future rate action. However, the central bank will remain “nimble and agile and take whatever action is necessary to support the Indian economy.”