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Rajan calls on Jaitley ahead of monetary policy

business Updated: May 26, 2016 09:46 IST
PTI
Arun Jaitley

Union minister for finance Arun Jaitley with Governor of Reserve Bank of India, Raghuram Rajan at a meeting in New Delhi on Wednesday. (PTI)


Reserve Bank Governor Raghuram Rajan on Wednesday called on finance minister Arun Jaitley and is believed to have discussed macro-economic situation ahead of the second bi-monthly monetary policy next month.

“I have no comments...,” replied Rajan on questions regarding the meeting.

The Governor, however, added that he would be holding a press conference in about two-weeks, in apparent reference to his post-monetary policy interaction with media.

The second bi-monthly monetary policy announcement is scheduled on June 7 amid clamour for further rate cut with a view to boosting the economic growth.

The Reserve Bank has reduced interest rate by 150 basis points since January 2015 with an aim to give a fillip to the economic growth.