Saturday, March 3, 2012

Why RBI’s Subbarao will find it tough to cut interest rates

..............It’s hard not to feel sorry for Reserve Bank of India Governor D Subbarao. For months now, everyone from assorted businessmen to the government has been bearing down on the governor to cut policy rates to provide a helping hand to economic growth, which slumped to 6.1 percent in the quarter ended December.But so far, the governor has resisted those pressures................

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