Tuesday, October 2, 2012

Bankers doubtful on rate cut by the central bank

New York : Speaking on the sidelines of the annual India Investment Forum here, RBI Deputy Governor Subir Gokarn said the central bank would spend two to three weeks before the policy review in taking stock of developments since the previous meeting. Referring to recent measures announced by the government, including a reduction in fuel subsidies, he said, “Clearly, this time we have these added elements, specific actions taken by the government which will directly address risks that we’ve been pointing out on fiscal situation, balance of payments and so on. Eventually, they all have to be evaluated on their overall impact on the growth-inflation balance.”.......

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