Moneycontrol PRO

business

Time for rate cut; response to yuan drop soon: Fin Secy

Asked if out-of-turn rate can be expected, Finance Secretary Rajiv Mehrishi told CNBC-TV18 said he would not want to comment on monetary policy action of the Reserve Bank of India (RBI) but being out of sync with the world, which we are this point, does not seem right.

first published: Aug 13, 2015 09:31 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347