......If RBI doesn't cut at all, the market will crash. If RBI does cut by a minimum, the market will lose some ground or, may be, remain, unaffected. If RBI does gamble on kick-starting growth and makes a larger cut of 0.5 per cent, there will be a rally. If Subbarao believes a big cut makes sense, he will probably wait for the next policy review, in April, when there are more data. ......
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