FM wants a rate cut, Subbarao says 5-6% growth insufficient

.......“Well I can’t direct Reserve Bank to do this or to do that. All I can say is as statement of fact — if policy rates are reduced it will help us to get 6.5 per cent growth that we have target,” he told PTI in a post Budget interview. ”I am sure that monetary policy advisory committee to the Governor will take note of all that we have done, all that we have promised to do and advise him appropriately and I am sure Governor will take the decision in his best judgement,” he said...........

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