As the inflation numbers are diving to low levels every week there is mounting pressure on RBI to reduce the interest rates. The inflation numbers have fallen to a year-ago level of below 4% has increased expectations that the RBI may further cut in interest rates soon, with the government on Thursday saying that the apex bank may take more monetary measures.
RBI is looking into the monetary policy and will perhaps respond to it (sliding inflation), Commerce and Industry Minister Kamal Nath said in New Delhi
Inflation fell by 47bps to 3.92% from 4.39% a week ago. ICICI Bank CEO K V Kamath also said, when inflation is going towards 2%, there is scope for interest rates to go down.
Crisil Principal Economist D K Joshi said that inflation is on a downward trend due to a strong base effect and low demand and it prompts the RBI to cut interest rates.
RBI is looking into the monetary policy and will perhaps respond to it (sliding inflation), Commerce and Industry Minister Kamal Nath said in New Delhi
Inflation fell by 47bps to 3.92% from 4.39% a week ago. ICICI Bank CEO K V Kamath also said, when inflation is going towards 2%, there is scope for interest rates to go down.
Crisil Principal Economist D K Joshi said that inflation is on a downward trend due to a strong base effect and low demand and it prompts the RBI to cut interest rates.
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