Saturday, June 9, 2012

RBI must cut rates to stimulate growth: Basu

............ In his personal opinion, the Reserve Bank of India should cut policy rates to support growth. India should take advantage of the depreciating rupee to boost exports, Dr Basu said. “We should take advantage of the depreciating rupee. Much of this depreciation is because of external factors and many other world currencies have also depreciated.” .....................

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