Sep
20

India Needs Lower Interest Rates, Finance Minister Jaitley Says

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  • Inflation is under control compared with a few years ago
  • Central bank will take “balanced view” in decision next week

India needs lower interest rates, and the central bank must decide how much to cut, Finance Minister Arun Jaitley said.

“India obviously does need cuts but to what extent, I think, is a prerogative of the central bank and they will factor in all these concerns,” Jaitley said in an interview with Bloomberg Television in Hong Kong. “Indian inflation is under control,” he added, contrasting recent numbers with double-digit figures just a few years ago…

India Needs Lower Interest Rates, Finance Minister Jaitley Says

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