Jaitley hopes rates will ease if inflation cools
Jul 18 2014 , New Delhi
"Interest rates have gone up. Hopefully, if inflation moderates, they will come down," Jaitley told parliament.
Jaitley did not give specifics on the level of inflation.
Data on Monday showed consumer prices led inflation eased to 7.31 percent in June, helped by a slowdown in food inflation and a favourable statistical base.
The Reserve Bank of India uses retail prices as its main inflation gauge while setting its monetary policy. It will next review rates on Aug. 5.
The central bank is not statutorily independent from the finance ministry, but its bureaucrats prize autonomy.