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

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.