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Raghuram Rajan calls on Jaitley ahead of monetary policy

RBI Governor Raghuram Rajan called on Finance Minister Arun Jaitley and is believed to have discussed macro-economic situation ahead of the second bi-monthly monetary policy next month.

Raghuram Rajan, RBI, Monetary policy, Second bi-monthly policy, Second bi-monthly monetary policy, Arun Jaitley, rate cut, boost growth, India rate cut, economic growth, rbi news, business, business news, economy, India banks, banking, banking news RBI Governor, Raghuram Rajan said that he would be holding a press conference in about two weeks, for the monetary policy interaction with the media.

Reserve Bank Governor Raghuram Rajan on Wednesday called on Finance Minister Arun Jaitley and is believed to have discussed macro-economic situation ahead of the second bi-monthly monetary policy next month.

“I have no comments…,” replied Rajan on questions regarding the meeting.

The Governor, however, added that he would be holding a press conference in about two-weeks, in apparent reference to his post-monetary policy interaction with media.

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The second bi-monthly monetary policy announcement is scheduled on June 7 amid clamour for further rate cut with a view to boosting the economic growth.

The Reserve Bank has reduced interest rate by 150 basis points since January 2015 with an aim to give a fillip to the economic growth.

First published on: 25-05-2016 at 06:41:20 pm
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