New Delhi, Mar 28 : Prime Minister Dr. Manmohan Singh on Saturday said that plenty of liquidity and low inflation gave room for further interest rate cuts.
Speaking to top Indian businessmen, Singh also said there were encouraging signs in some sectors of the economy.
"With ample liquidity and low inflation, there is scope perhaps for a further moderation in interest rates," Singh said.
The meeting assumes significance as it comes ahead of G-20 summit in London next month.