....Market expectations for monetary policy have demonstrated frequent and large swings in recent months. Inflation management has of late been the Reserve Bank of India's focus and the central bank remains cautious about delivering the next bout of rate cut just yet. "We feel that markedly sub-par growth, a softening in core inflationary pressures over the next six months, near-zero fiscal spending headroom, and likely only hesitant government policy initiatives to revive the economy will eventually lead to greater monetary accommodation in the coming months, in our view......
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