RBI may cut rate on June 2: Yes Bank President Shubhada M Rao

NEW DELHI: In a series of statements evaluating the economic measures undertaken by the current government, Shubhada M Rao, Yes Bank president and chief economist, Yes Bank said that the RBI Governor may cut rates on June 2, 2015.

Speaking to ET Now, Rao also supported commerce minister, Nirmala Sitharaman's stand that a weaker rupee would push up exports and in turn engage capacities around the country leading to more employment and skill development.

It said, that the Land Acquisitions Bill and the GST Bill would be passed in due course and that it was a matter of time that the government would implement governance under these two items of legislation in the country.

Rao also stressed that the government had made substantial investments in the renewable energy sector.