Urjit Patel's Panel Prioritized Growth As India Inflation Risks Ease

India's six-member monetary policy committee voted unanimously to lower interest rates because it felt the need to support growth as inflation risks receded, minutes show. Governor Urjit Patel pointed to low capacity utilization and easing food costs to suggest the Reserve Bank of India could meet its 5 percent inflation target for March 2017, even as he cautioned continued vigilance. Increasing comfort on food prices -- which had b...