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RBI might slightly cut interest rate: Kaushik Basu

Press Trust of India  |  Kolkata 

Former on Monday said the of (RBI) could "slightly" reduce to boost growth.

"NPAs have made the banks cautious. But, can do with slightly lower rate of interest," said at an interactive session organised by the Indian Chamber of Commerce here.

The should be left alone with complete autonomy, he added.

The RBI's review is slated in February.

also said that the investment rate in was on the decline.

Talking about the GST, he said it was borrowed from advanced countries and "poorly implemented", and demonetisation was a "bad idea".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 22:25 IST