Industry and Government want RBI to cut rate.

Tomorrow is the day, when the fourth bi-monthly monetary policy statement for 2017 -18 will be released. All stake holders are keenly waiting for the day. Especially the industry, which has been demanding for lower interest rates are looking forward to hear from RBI. The RBI governor Urjit Patel will be leading the Monetary Policy Committee today. It started two-day deliberations with industry and the government hoping for interest rate cut to spur growth which fell to 3-year low of 5.7 per cent in the June quarter. On the other…

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