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CHAKRAVATY RANGARAJAN ADDRESSES THE PRESS IN BOMBAY, 1997-04-15 (photo)

CHAKRAVATY RANGARAJAN ADDRESSES THE PRESS IN BOMBAY, 1997-04-15 (photo)
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IMAGE number
REU8106602
Image title
CHAKRAVATY RANGARAJAN ADDRESSES THE PRESS IN BOMBAY, 1997-04-15 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
1997 AD (C20th AD)
Shooting Date
1997-04-15
Image description

Reserve Bank of India governor Chakravaty Rangarajan (R) tells a crowded press conference that Indian interest rates will come down following the central bank's half yearly credit policy statement in Bombay April 15. The Reserve Bank loosened its credit to keep economic growth on track while containing inflation. Two major state-run banks cut their prime lending rates to 14.0 percent from 14.5 percent immediately after the bank issued its policy statement. INDIA BANK

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REUTERS/Savita Kirloskar / Bridgeman Images
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