.....But if one goes by experts, a high CAD is not just bad for global travel or education; it might even discourage the Reserve Bank of India (RBI) from cutting the repo rate aggressively. "The central bank cannot ease policy rates till CAD comes in control. Hence, existing borrowers will have to continue paying high rates and new borrowers may want to wait. Today, inflation is not the only criteria for lowering rates,".....
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