Wednesday, October 31, 2012

RBI may cut interest rate only in Jan: Rangarajan

......"Perhaps for a change in the policy rate, the RBI is waiting for a period or an opportune movement when there could be sustained decreases in interest rate. "I think they would start doing it only in January, unless there is some strong tendency for inflation to decline in the next four-five weeks. That doesn't appear to be likely at the moment,".....

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