RBI governor does not want to move in haste for achieving financial inclusion.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
The new bond was changing hands at 7.72 per cent.
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
New Delhi was reluctant to spook investors by clipping the bank's wings
India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon
Consumer food price inflation eased to 6.14%.
S&P warned about spending on subsidies and heavy government debt.
It was 2.6% in January.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
The exemption from MAT does not apply retroactively.
The output had expanded 1.8 per cent year-on-year in January.
The move will likely attract more retail investors.
Wholesale prices fall 2.06% in February.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
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