....The forward guidance offered by the RBI is worrisome as the guidance is clearly that the interest rate cycle would be reversed in January 2012. The qualification that a relaxation of policy in the next review would be contingent on the evolving situation would be lost in the din of the clamour for easing monetary policy. Now what should the common person do? The best he/ she could do is to quickly lock into longer maturity term deposits as banks could well lead the way by reducing the rates on longer- term deposits...........
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