Finance Minister P Chidambaram has favoured further cut in interest rate by Reserve Bank of India, RBI. In an interview to a TV channel, he said the government will continue to argue for interest rate cut by the RBI which is slated to announce its monetary policy for 2013-14 on the 3rd of next month. Mr Chidambaram said, headline inflation has softened and there is a need to push growth to the potential level of 8 per cent.Mr Chidambaram, who is in Tokyo on an official visit, said India's growth potential is 8 per cent and the country can grow at that rate for the next 20-25 years. He said, the government has been addressing various concerns being raised by the industry in the past couple of years and is working to make India a more attractive destination for foreign investment.