'We should look at is full year's growth rather than quarter numbers.'
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
RBI promises to take all necessary steps, including liquidity support
Rajan had said that there was lack of clarity about the new method.
RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
In terms of magnitude of rate cuts, Morgan Stanley expects 50-100 basis points of policy rate cuts in 2015, depending on the inflation trajectory, which in turn will be dependent on the trend in commodity prices, fiscal deficit and rural wage growth.
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
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Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
Fiscal outlook to be little bit challenging next year: CEA
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
The Reserve Bank of India Governor Raghuram Rajan said bringing down inflation would help stabilise the rupee.
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
Calling Rajan "no less patriotic", he virtually ticked off Swamy saying "if anybody considers himself above the system then it is wrong".
RBI Governor cautioned against more volatility.
Two members recommended bringing down the rate by 50 bps in the April policy.
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
The central bank kept cash reserve ratio unchanged at 4 per cent.
Rajan had cautioned against any deviation from the fiscal discipline path.
The declining inflation and a negative industrial outlook have strengthened the case for RBI.
Rajan, 57, who was RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Rajan also said the RBI had reduced the current account deficit "substantially".
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
NPA issues in the banking sector, standoffs in Parliament denting the reform momentum and limited space on the fiscal side are among the major concerns for investors.
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
The key short-term lending rate (repo rate)has been hiked by 0.25 pc to 7.50 pc.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
'Democracy is India's greatest strength.'
Rajan addressed a group of investors in Boston on Thursday.
In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
The ratings agency currently rates India at Baa3
Rajan warned against waiting to act until inflation expectations become entrenched, but also said the Reserve Bank of India would overlook temporary spikes in inflation.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
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