RBI should cut policy rates by 200 bps: Nirmala Sitharaman1 min read . Updated: 24 Aug 2016, 09:27 PM IST
RBI, which has maintained key interest rate at 6.5% since April this year citing inflationary concerns, is scheduled to hold its next policy review on 4 October
New Delhi: Commerce and industry minister Nirmala Sitharaman on Wednesday pitched for as much as 200 basis points, that is 2%, interest rate cut by RBI to help the cash-starved MSME sector. She did not specify if it would be at one go or over a period of time.
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