There is case for banks to cut rates: RBI Governor
A day after the Reserve Bank of India cut its repo rate by 0.25 per cent, its governor, D Subbarao, who's term is slated to expire this September, speaks to NDTV Profit's Prashant Nair about the central bank's hawkish stance, a cut in retail lending rates, WPI inflation. He also speaks about being criticized for being too cautious and the hits and misses of the RBI’s policy in the last five years during his term.
