RBI's CRR cut a proactive step, but policy rate cuts still weeks away

.....Off late, RBI Governor Duvvuri Subbarao has been vocal about the limitations that monetary policy tools in an economy which runs higher twin deficits on both fiscal and current accounts. So, the tight rope walk of RBI continues. The Budget, scheduled for March 16, will be something that Subbarao will take his next cues from.

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