Wednesday, April 18, 2012

RBI's repo rate cut after three years is just a token

........ "The reduction in the repo rate is based on an assessment of growth having slowed below its post-crisis trend rate which, in turn, is contributing to a moderation in core inflation," RBI said in its annual monetary policy statement. "These considerations inherently limit the space for further reduction in policy rates," RBI added...........

Read - Business Today

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