Despite two interest rate cuts this year by the Reserve Bank, Finance Minister Arun Jaitley on Tuesday said he wants interest rate to be a lot lower. Jaitley also asserted there were no differences between the Govt and the RBI.
“My position very clearly is not very different with that of the Reserve Bank. We need to manage inflation along with growth. Now, we cannot afford to have inflation go up radically so the RBI is a little conservative and they try and manage the inflation so they are a little careful in lowering the interest rates,” he said. “I want the interest rates to be lower a lot more, but they (RBI) balance inflation with growth," he told NDTV.