India’s weakest monsoon since 2009 is poised to fuel the worst inflation among the largest emerging markets and leading banks from Goldman Sachs Group Inc. to Nomura Holdings Inc. to cut forecasts for interest-rate cuts. Goldman Sachs now predicts the Reserve Bank of India will lower its repurchase rate by 25 basis points to 7.75 per cent by year-end, after paring an earlier estimate for a 75 basis point decrease last week.........
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