Monday, July 9, 2012

Bankers to meet RBI's Gokarn, will urge RBI to cut rates

MUMBAI: CEOs of commercial bank will urge Reserve Bank of India (RBI) to cut rates to improve investment sentiments at the customary pre-policy credit policy meeting which is scheduled on Monday. The RBI will announce its first quarter review policy on July 31 amids slowdown in economic growth and concerns of rising inflation. In the last mid quarterly review held in June, t he RBI left interest rates and the cash reserve ratio for banks unchanged on fears of worsening inflation.............

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