Friday, February 17, 2012

HDFC's Mistry says Reserve Bank of India repo rate cut unlikely at least in FY12

India's largest mortgage lender Housing Development Finance Corp's (HDFC) Vice Chairman and Chief Executive Officer Thursday said that he does not expect the Reserve Bank of India (RBI) to cut key policy rate in the next monetary policy review scheduled on March 15, but expressed hope of another cash reserve ratio (CRR) cut to shore up liquidity in the system...............
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