RBI needs to cut to offset crude oil hit

..........The Reserve Bank of India (RBI) is going into its March 15 monetary policy review on the back of rising oil prices, tight liquidity conditions, slowing GDP growth and inflation that is at over two-year lows.The question is, will the RBI cut the repo rate along with the cash reserve ratio?Mint Road will have to look at high oil prices as a threat to growth rather than as a threat to inflation this time around................

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