............Given what happened with inflation, Baig says that he doesn’t expect easing from the RBI in June. “I really cannot see what local factors can precipitate the RBI to make a move now given what has happened with inflation,” he elucidated. While domestic factors aren’t encouraging enough for a rate cut, Baig says a big slowdown in global growth or a big decline in oil prices could lead to a response from the RBI. “Short of an extreme scenario like that, it is very hard for me to see under which circumstances RBI will be able to cut rates in June,” ........
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