Finance Ministry wants RBI to cut rates: report


REUTERS - The Reserve Bank of India (RBI) should cut policy rates to give a push to sectors which are interest rate sensitive, the Business Standard newspaper quoted a Finance Ministry official as saying on Monday.

The Finance Ministry wants the Reserve Bank of India to switch its policy stance with growth concerns occupying centre stage and inflation showing signs of moderating, the report said.

Monetary tightening had hurt growth and the central bank should have paused earlier than December 2011, the report quoted the unnamed official as saying.

The RBI will review its policy on Tuesday. None of the 22 economists polled by Reuters last week expect it to cut rates.

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I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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