The Reserve Bank of India Governor D. Subbarao will hold pre-policy consultations with trade bodies and credit rating agencies in Mumbai on October 17.
The second quarter review of monetary policy 2012-13 will be released by the central bank on October 30.
Apex industry associations like Assocham, which will be represented at the pre-policy meeting by its President Rajkumar Dhoot, are likely to demand a policy rate cut to give a boost to industrial growth.
RBI’s pre-policy consultation meeting will also be attended by chief financial officers (CFOs) of companies and SME Chamber of India, it is learnt.
At the recent mid-quarter policy review, RBI kept the policy rates unchanged even as it reduced cash reserve ratio by 25 basis points.
The central bank had in the recent review focused on inflation control while indicating that it may push economic growth in the coming days.
Economists expect another 25-50 basis point cut in policy rates during the remaining part of this fiscal.