The Reserve Bank of India (RBI) will on Tuesday announce its third bi-monthly monetary policy review for the year 2015-16.
A Finance Ministry official has said that the RBI should not hesitate in cutting interest rate just on inflationary concerns. He added that the government was keen on bringing down cost of borrowing and RBI cutting its key policy rate will be a trigger for such a move that will boost investment and growth.
In its last review on June 2, RBI cut repo rate 0.25 per cent for the third time this year.
