1. Raghuram Rajan calls on Arun Jaitley ahead of RBI monetary policy

Raghuram Rajan calls on Arun Jaitley ahead of RBI monetary policy

Reserve Bank Governor Raghuram Rajan today 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.

By: | New Delhi | Published: May 25, 2016 6:31 PM
Raghuram Rajan, Arun Jaitley 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. (PTI Photo)

Reserve Bank Governor Raghuram Rajan today 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.

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.

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