India's central bank chief said on Wednesday it was "premature" to talk about interest rate hikes at this stage of the policy cycle.
Speaking to television channel ET NOW, Sanjay Malhotra said the central bank was watching for second round effects of higher oil prices on inflation in the broader economy before taking a call on rates.
"We do not see signs of inflation generalizing yet," Malhotra said.
The Reserve Bank of India's monetary policy committee kept interest rates unchanged at its meeting earlier this month, while maintaining the stance at "neutral".
Here are some of the key comments from the interview:
