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'RBI has to take a difficult call on rate reductions'

Source : BUSINESS_STANDARD
Last Updated: Thu, Jan 17, 2013 20:10 hrs

Yashwant Sinha, Chairman of the Parliamentary Standing Committee on Finance and senior Bharatiya Janata Party (BJP) leader on Thursday said the Reserve Bank of India (RBI) should not succumb to public and government pressure on the interest rate issue. “If inflation remains stubborn, how does RBI find space to reduce the interest rate? The governor has to take a call, a difficult call, but has to keep the economic principle in mind,” he said.

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