Though RBI has recently reduced the Repo rate and CRR early December most of the banks have not effectively reduced interest rate. Nationalised bank have done it.

Though automobile industry has cut down price yet demand have not picked up. Inflation has touched 6.8%. So there is further scop for RBI to reduce lend rate, repo rate and CRR in case they want to give further boost to the growth of economy.

Our Prime Minister is a great Economist. The finance portfolio is under him now. I think He would take effective step soon and RBI would surely reduce lending rate to boost growth and generate employment.

I think RBI should reduce rates further. Do you all think so? Any comments?

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