Jaitley urges RBI to cut benchmark interest rate

Mumbai

INDIA'S Finance Minister Arun Jaitley urged the nation's central bank to cut the benchmark interest rate to help jumpstart the US$2 trillion economy, citing inflation that cooled to the slowest in eight months.

"Inflation is under control, and hopefully the impact of inflation being under control is a fact that the central bank in all its wisdom will take note of," Mr Jaitley told a conference in Mumbai on Tuesday.