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.
🗞 Subscribe Now: Get Express Premium to access our in-depth reporting, explainers and opinions 🗞️
- 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.