Wednesday, December 19, 2012

RBI likely to lock step with the govt from January

...........In its policy statement today, the bank said that it is "closely monitoring the evolving growth-inflation dynamic and will update the formal numerical assessment of its growth and inflation projections for 2012/13 as part of the third quarter review in January 2013".  All eyes are now on the quarterly review in January. If there is a softening of interest rates, it will come as a big relief for both corporate entities and retail borrowers.........

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