'Less scope for further monetary policy actions'

............."On the issue of credit growth, the important thing to remember is we are predicting credit growth slightly above last year and you find that to be difficult to understand. But we are also predicting output growth to be a little larger than the last year. Therefore, I do not see much of a disconnect," said Urjit Patel, deputy governor of RBI. He added that in this financial year, the deposit growth may be better because, as inflation comes down, the real rate of return from financial products would rise...........

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