FinMin Sees Room For More Rate Cuts As Inflation Remains below RBI's Target

The finance ministry on Monday said there is room for further easing of interest rate by the Reserve Bank of India (RBI) as the inflation is comfortably below the central bank's median target of 4 per cent.

- Press Trust Of India

Retail inflation, based on Consumer Price Index (CPI), has remained below 4 per cent since February and dipped further to more than six-year-low of 2.82 per cent in May.