New Delhi: Ahead of the Central bank's bi-monthly monetary policy review, Finance Minister Arun Jaitley will today urge RBI Governor Raghuram Rajan to cut interest rate.
In order to boost the economy, particularly when the inflation has come down to a new low, the government will nudge for rate cut. According to sources, Raghuram Rajan will make the customary call on the Finance Minister today, a day before he presents the policy.
RBI, which has kept policy rates unchanged for almost 10 months citing high inflation despite persistent demand from industry and government for a cut to boost economic activity, is slated to review monetary policy on December 2.
Sources said Arun Jaitley, who is closely watching RBI moves, feels a rate cut will have positive impact on home mortgage and auto loans.
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