RBI rate cut depends on inflation outlook: Gokarn

Ahead of its annual monetary policy, the Reserve Bank on Thursday said cutting policy rate to promote investment depends upon moderation in inflation and fiscal consolidation. "We need to have low inflation, we need to have rising investment ratio, we need to have strong fiscal consolidation and this in turn provides space for monetary policy to actually support investment ..." RBI Deputy Governor Subir Gokarn said..............

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