Tuesday, March 19, 2013

RBI may oblige with rate cuts, but it’s government that is killing economy

..........RBI is not truly independent. A truly-independent RBI might have left rates unchanged. But, in all probability, January IIP figures (2.4% increase) and continuous badgering will persuade RBI to provide a growth stimulus. Hence, perhaps a 25-basis-point cut in repo rate. Does this help growth?...........

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