Y V Reddy, Governof of Reserve Bank of India (RBI), will meet bankers shortly and respond to their question on 1% cut in cash reserve ratio (CRR), Finance Minister P Chidambaram said today."Governor (of RBI) will respond. Banks are meeting the Governor today or tomorrow," he added.Asked if he will support higher short-term interest rates, Chidambaram said: "Wait for the (RBI) Governor."
