With wholesale price inflation moderating and the government's fiscal situation expected to improve, there is room for further interest rate cuts by the Reserve Bank of India (RBI), according to the Economic Survey released today. "There has been some moderation in inflation in the third quarter (October-December) of 2012-13 and with the expected fiscal consolidation, the current macroeconomic situation creates room for a somewhat accommodative monetary policy," said the Survey.............
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