Saturday, June 23, 2012

Hopeful of a 25bps rate cut by RBI in July: JP Morgan

.....Looking at the fairly tight liquidity situation, Gupta feels the RBI will prefer OMOs over CRR for infusing liquidity. Although, the RBI has disappointed with an unchanged repo rate, Gupta anticipates a rate cut of at least 25 basis points in the July policy.........

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