There is room to cut rates further: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said there is room to cut repo rates further. "At the last MPC meeting...it was communicated clearly that there is room to cut...rates. Since then, the macroeconomic data we've received hasn't indicated that the room...has decreased," he stated. However, he added that it's up to the MPC to decide on rate action in December.