Wednesday, 24 June 2015

RBI should cut interest rate by at least 100 bps, says Yashwant Sinha

Earlier Yashwant Sinha stated that Reserve Bank of India could have been less negative in its recent monetary policy review.


Former Finance minister Yashwant Sinha said that RBI should cut interest rate by at least 100 bps.

Earlier Yashwant Sinha stated that Reserve Bank of India (RBI) could have been less negative in its recent monetary policy review.

There is a very good case for banks to pass on the benefit of rate cut to the consumers, added Sinha.

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