.........But there could be another factor at work here: expectations that banks may soon lower interest rates. Finance Minister P Chidambaram has made innumerable statements that the government has done its bit to rein in its fiscal deficit andcurb inflation, and therefore it’s time for the Reserve Bank of India to cut interest rates. All of this has strengthened the expectations of an interest rate cut when the next review of monetary policy takes place later this month......
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