Monday, March 03, 2025 | 12:26 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Govt wants RBI rate cut before March: Finance Ministry sources

We expect the RBI to cut policy rates, if not in December then in its next policy review: Finance Ministry

RBI
Premium

RBI

Reuters New Delhi
Impatient for faster economic growth, India's government is lobbying for a reduction in official interest rates in coming months as it expects inflation to stay close to a 4 percent target, finance ministry officials said.

At its last meeting in October, the Monetary Policy Committee (MPC) left the repo rate at 6.0 percent, near a seven-year low, and a Reuters poll found that economists expected the rate to stay there through to the second quarter of next year.

The finance ministry, according to officials, wants a rate cut sooner than that, putting a focus on the MPC meeting on Dec

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in