Thursday, April 12, 2012

RBI unlikely to cut rates on April 17

... The banking system’s loan-deposit ratio has hit an all-time high of 78.1 per cent, with deposit growth still remaining below loan growth. Finally the sequential and year on year headline core inflation still remained too elevated to try to revive aggregate demand so soon. The inflation was not in the comfort zone which RBI would like it to be….....

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