India Inflation Remains High, Yes Bank's Rao Says

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Jan. 29 (Bloomberg) -- Shubhada Rao, Mumbai-based chief economist at Yes Bank Ltd., talks about India's economy and central bank monetary policy. India lowered interest rates for the first time since April and cut the amount of deposits lenders must set aside as reserves, easing policy to aid growth as inflation cools and the government curbs the budget deficit. Rao speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Rao spoke before the Reserve Bank of India announced its policy decision. Source: Bloomberg)