An open letter to RBI governor D Subbarao

Frankly, we admire your intellectual honesty in calling a spade a spade. Coming to the point straight, we do get a sense that this time the Reserve Bank of India (RBI) may spring a surprise by cutting the repo rate 50 basis points. Economists and bond market players hope a cut of mere 25 basis points in the repo rate, but lower inflation numbers and the urge to pump up growth may push you to turn adventurous. People are keeping their fingers crossed...........

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