Jaitley wants RBI to cut rates to boost growth

Nudging the RBI to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said he had already made up his mind clear and hoped the central bank will take decision after taking into account various factors.

The Reserve Bank of India (RBI) had maintained status-quo on interest rate in its two credit policies announced after the formation of the new government in May.

‘I, on the same evening (3 June and 5 August) already issued a clear statement and I think that’s very clear. This an issue that the RBI decides and I am sure they factor in various circumstances,’ Arun Jaitley told reporters.