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Saturday, 27 April 2013

Falling inflation may push RBI to cut interest rate: Raghuram Rajan

Ahead of the annual monetary policy review of the RBI, Chief Economic Advisor Raghuram Rajan today said there is a scope for interest rate cut as the core inflation has come down and there is a need to push growth.

The RBI is slated to announce monetary policy for 2013-14 on May 3.

"The Rabi crop is likely to be good one. That will help bring inflation down. So as inflation comes down, there is case for RBI to cut interest rate. I think, we have a case for stronger growth," Rajan said at an event here. Read more

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