Wednesday, October 31, 2012

Policy rates may be cut in fourth quarter: RBI

Core team: D. Subbarao, Governor, RBI, flanked by (from left) H. R. Khan, K. C. Chakrabarty, Anand Sinha and Subir Gokarn, Deputy Governors, on their way to address bank chiefs on Monetary Policy in Mumbai on Tuesday. — Paul Noronha

......“The projections are at best approximate…I cannot give guidance about what will happen in January and March, but if projections indicate a moderation in inflation for the March quarter then we could take some action in January,”........

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