Monday, July 30, 2012

Inflation fears, government sluggishness to force RBI not to cut interest rates

Reserve Bank of India Governor Duvvuri Subbarao has tried his best to downplay expectations of an interest rate cut in an economy that has the toxic mixture of slowing growth and high inflation, but there are outside chances of a reduction if he decides that slumping global demand and turmoil in world markets could pull down local economic growth rates further..........

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