India economy to recover, more rate cuts seen: Reuters Poll

......Indeed, the RBI was still raising interest rates long after many others started cutting them, severely crimping growth and punishing the rupee. Other central banks like the U.S. Federal Reserve and the Bank of England, with interest rates at the zero barrier, have resorted to printing money to shore up their economies, with limited results thus far. With the repo rate at 8 per cent, the RBI still has room to cut. Even after the RBI's 50 basis point cut this week, economists now expect it to be lowered to 7 per cent by June next year instead of 7.5 per cent in the January survey............

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