Thursday, October 4, 2012

RBI to take into consideration government's recent decisions in Q2 policy review

Chennai: The Reserve Bank of India (RBI) will take some recent government decisions into consideration in its second quarter review of monetary policy, scheduled for October 30, 2012, RBI Deputy Governor Subir Gokarn said today. At its last policy meeting in September, the RBI left a section of India Inc. and markets disappointed with its decision to not cut the Bank Rate despite reducing the Cash Reserve Ratio by 25 basis points......

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