scorecardresearch
Follow Us:
Thursday, June 30, 2022

Case for RBI to cut policy rates: P Chidambaram

Central bank should take comfort from the government's efforts to cut the fiscal deficit.

Written by Reuters | New Delhi |
March 18, 2013 11:05:37 am

There is a case for the Reserve Bank of India (RBI) to cut policy rates,and the central bank should take comfort from the government’s efforts to cut the fiscal deficit,Finance Minister P. Chidambaram told Bloomberg TV India on Monday.

The RBI is expected to cut policy rates on Tuesday,according to a Reuters poll,after the weakest economic growth in a decade,slowing inflation and a commitment by the government to contain its fiscal deficit.

UPSC KEY Have you seen our section dedicated to helping USPC aspirants decode daily news in the context of their exams?

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest News Archive News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement