....But chances are, RBI governor Duvvuri Subbarao won’t oblige. After he stood firm and refused to cut rates at RBI’s 18 June mid-quarter policy review, sections of India Inc came up with predictable howls of protest. However, given Subbarao’s earlier statements explaining his stand, it’s difficult to envisage RBI will consider monetary easing just yet. And there’s good reason for not doing so.......
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