Thursday, June 7, 2012

Will we get another rate cut from RBI on 18 June?

The Reserve Bank of India will review its monetary policy on 18 June. Will it announce another interest rate cut? The chances seem brighter after central bank Deputy Governor Subir Gokarn said on Monday there is scope to cut interest rates to boost the country’s flagging growth. Gokarn said that the slowdown in growth and a fall in oil prices provided room for a possible interest rate cut.............

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