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February 15, 2001 		Feedback  
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RBI chief has no comment on rate cut chances

The governor of the Reserve Bank of India had no comment on Thursday about the chances of an interest rate cut.

RBI Governor Bimal Jalan"I don't expect anything. Whatever will happen will happen," Bimal Jalan said when asked by reporters whether he expected an interest rate cut.

Companies say their cost of funds is too high and have been urging lower rates.

The key bank rate, used as a benchmark by banks to set their lending rates, is now 8 per cent and leading state-run banks charge their best borrowers a prime lending rate of 12-12.5 per cent.

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