Wednesday, January 16, 2013

Reserve Bank of India Governor Duvvuri Subbarao tempers expectations of rate cut

MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao on Tuesday tempered expectations of interest rate cuts beginning this month, saying prices of consumer products and manufactured items are still rising.  Subbarao, who has refused to give in to pressure from industry and the finance minister to lower key rates, said though the rate ........

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