"Policymakers (in Asia) may need to deploy another round of fiscal and monetary measures to safeguard economic growth and ensure that growth is inclusive," the ADB said in its Asian Economic Integration Monitor report. The report further said that with the weakening of the global economic conditions and uncertain prospects of recovery, the external environment for developing Asia is expected to remain difficult. It is widely expected that Reserve Bank of India (RBI) might slash key rates by 0.25% in its monetary policy review to be unveiled on July 31...............
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