Tell Government To Take Fiscal Measures: Chidambaram To RBI Governor After Fresh Cut In Repo Rate

Bloomberg Quint | May 23, 2020 at 5:18 PM
  • Senior Congress leader P Chidambaram on Saturday asked RBI Governor Shaktikanta Das to “bluntly” tell the government to do its duty and take fiscal measures if he feels that the demand has collapsed and the growth is heading towards negative territory.
  • It is the second sharp cut in the key policy rate in two months.
  • On March 27, the Monetary Policy Committee, the rate-setting panel of the RBI, had cut the key short-term lending rate by 75 basis points.