New Delhi: Reserve Bank Governor Sanjay Malhotra has said the central bank is closely monitoring developments in West Asia and that it would be premature to talk about a rate hike at this stage.
"If we actually wanted to prepare them (market) for this (rate hike), then we would have changed our (stance)..., if it was so certain that we are going to hike in the coming months, then we would have changed the stance from 'neutral' to 'restrictive', right? We did not do that," he told ET Now.
