Reserve Bank of India governor said there is room for interest rate cuts as inflation is likely to remain below the target of 4 per cent over one next one year, but said that the government may not have fiscal room to fuel the revival of economic growth.
“Today when we see that price stability is maintained and we see that it is well below 4 per cent and it is expected to be so in the next 12 months horizon, then there is a scope for rate cut, especially when growth has slowed down,’ Go ..
