Zee Media Bureau
New Delhi: RBI Governor Raghuram Rajan has hinted that the central bank could go for a rate cut during its monetary policy review in September.
According to a report on CNN IBN, Rajan said hinted that the Reserve Bank of India could go for another rate cut after maintaining status quo during its policy review in August.
“We have not said that we are finished with rate cuts”, the news channel quoted the RBI Governor as saying.
For the third time this year, the RBI cut its repo rate by 0.25 percent during its June 2 policy review.
However, despite lower inflation rate, Rajan maintained status quo during the August monetary policy review which led to a debate.
Earlier, the Reserve Bank has cut rates by 0.25 percent each in January and March.
At present, the reserve ratio stands at 7.25 percent, the reverse ratio at 6.25 percent and cash reserve ratio (CRR) and statutory liquidity ratio (SLR) at 4 percent and 21.5 percent, respectively.
