......It is a judgement call; but at the risk of sticking out my neck, my hunch is that the Governor will find it hard to not meet the government halfway and announce a small 25-percentage-point cut in policy rates, most likely in the cash reserve ratio, the subject of a hotly-contested debate between SBI chairman Pratip Chaudhuri and RBI Deputy Governor K C Chakrabarty. Though as a die-hard monetarist, I would be happy to be proved wrong !
Read - ET
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