Ahead of RBI's second bi-monthly monetary policy review in June, Finance Minister Arun Jaitley said he expects rate cut by the RBI. Talking to a news agency, Mr Jaitley said his expectation from RBI Governor Raghuram Rajan was the same as general expectation on an interest rate cut. The RBI has lowered its policy rate twice so far in 2015. However, RBI maintained a status quo in its first bi-monthly monetary policy released on April 7 on fears of unseasonal rains impacting food prices.The repo rate, at which the RBI lends to the banking system, currently stands at 7.5 per cent. The cash reserve ratio, which is the amount of deposits parked with the central bank, is 4 per cent.