Interest rate should have been cut in June 7 MPC meeting: Kirit Parikh

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The Monetary Policy Committee#39;s decision to maintain status quo and not ease policy rates has not gone down well with the government. Chief Economic Adviser Arvind Subramanian complained that economic conditions warranted a substantial monetary easing. However he is not alone, Shankar Acharya, who heads the committee on change in financial year too feels that interest rates should have been lowered.

June 08, 2017 at 05:02PM

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